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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 9:10pm
153 Views
Post# 24602567

Undervalued uranium sector

Undervalued uranium sectorIt would be great to have cameco buy out hook late claim.  Unfortunately all the junior explorers are massively undervalued. had they had this drill result three years ago the company would be sitting around .50 after this news. Having both areva and cameco involved could produce a faster takeover as they both have the ability to buy out Ptu and most of the rest of the juniors operating in the basin. I am a huge fan of canalaska uranium.  Last week cameco optioned their west Mcarthur project for 12.5 million for a 60 percent earn in.  Ironically canalaska has a market cap of 3.5 million at the time. They could have offered four times the current stock price and possibly bought the whole company for the same price as the option agreement. Many investors would have been stoked for a .68 cent buyout. There must be a benefit for cameco to joint venture with these small uranium explorers. One of the Many strange paradoxes in the uranium sector.   It's the best time since pre 2007 to be in the uranium area.  In my humble opinion.   
Bullboard Posts