RE:Patterson Lake North Projects Could very well be Vicky. But don't forget how deep and thus expensive it is to drill. And also with Lakeland is they will only end up with what ..... 30% at the end of it all ?? Also the " big hits " (so far ) have been mainly in the North- East of the basin where Areva and Cameco have some nice holes etc. not in the North-West. But this could change of course over the next few years or so as more companies start to explore the North-West sections of the basin.
But the question you have to ask yourself here Vicky is ..... how low will the share price go over the next few years. As you know ( I am guessing that you know this anyways ) it will take many , many years and a lot of financings over the years in order to raise enough money to prove up enough resources to make a mine or a buy-out at all possible.
Also the way it has been trading lately it looks as if she is headed lower still as I mentioned to you a couple of days ago when looking at the chart.
She broke down through the .19 holding level which I also mentioned at the time.
There could possibly be some excellent buy-ops coming up here mind you in a few months.
For now , looking at the Level 2 it looks as if the .15 / .16 cent level is where they are going to try and hold it for now. This makes sense as the ones that did the flow-through shares at .25 cents will still not be losing any money at .15 cents because of the 40 % tax break on flow-through shares. If they ( or their partner ) do not have a substantial hit on their first hole or so then all bets are off as she will be back down to the single digits very quickly. Hopefully they end up with some good first holes here.
Level 2 Quote
| Market Maker | Shares | Bid Price | Ask Price | Shares | Market Maker |
| | 4,500 | 0.175 | 0.180 | 12,500 | |
| | 16,500 | 0.170 | 0.185 | 7,000 | |
| | 54,000 | 0.165 | 0.190 | 47,000 | |
| | 98,000 | 0.160 | 0.195 | 3,000 | |
| | 34,500 | 0.155 | 0.200 | 66,000 | |
| | 83,000 | 0.150 | 0.210 | 44,500 | |
| | 1,000 | 0.145 | 0.225 | 4,000 | |
| | 26,000 | 0.130 | 0.235 | 33,000 | |
| | 20,000 | 0.120 | 0.240 | 25,000 | |
| | 12,000 | 0.115 | 0.250 | 20,500 |