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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUD

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
Comment by norontrules1234on May 11, 2018 7:39am
84 Views
Post# 28016821

RE:RE:We need a reality check in all aisles

RE:RE:We need a reality check in all aisles
Yes, I agree that maintaining reasonable expectations is prudent.  Here are my thoughts as to the probability of the results and their impact to the share price:

1. arrow/triple R type hit - 5% chance - SP will explode, many multiples of current level
2. dragon mineralization - 15% chance - SP doubles or more
3. significant expansion of spitfire - 25% - SP increases significantly
4. continued success at spitfire - 50% or greater - SP tests 52 week highs (10 cents)
5. complete drilling bust - 5% chance - SP tests 52 week lows

I continue to re-iterarte my earlier thoughts that the above is why I continue to stay invested and accumulate when I can.  I see very little downside vs. upside potential/inevitability.  Also, the above does not consider probably the most impactful factor for PTU investor success, as rise in U308.  IMHO this is a 90% to 100% certainty, what I can't tell you is the timing, no one can.

Just my two cents.  GLTA
Bullboard Posts