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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Post by Mac1977on Feb 27, 2016 5:02pm
128 Views
Post# 24602209

First post on stock house.

First post on stock house. This is my first post on this site.  I have been a long time holder of Ptu.  I agree with the previous poster about the potential take over of Ptu.  Having areva and cameco as a equal 39.5 percent partners is pretty rare. Essentially the top two uranium miners on earth.  These results are fresh.  Hopefully we will get more encouraging results this season. A bonus for purepoint as being the operator of this project is a 10 percent payment for running the operation.   Payed from cameco and areva to purepoint.  This latest result will surely commit more money from cameco and areva this summer and next winter.  Hence more money for purpoint to spend running its entire operations.  Another couple seasons of results and one areva or cameco may buy out purepoint or its stake in hook lake.  Look forward to everyone's insight on this little uranium gem.  
Bullboard Posts