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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
Comment by cayp21on Jan 31, 2019 2:24pm
76 Views
Post# 29302723

RE:RE:RE:RE:DML

RE:RE:RE:RE:DMLAs of equal value is the existing relationship with the two big players. This should not be underestimated. Hathor (now the NXE guys) via Roughrider sold 54mlbs for $654m or $11/lb in the ground. What they were able to achieve was to get Cameco and Rio Tinto into a bidding war. That will not happen with all the prospects around and we are in a very different market. BUT PTU already has the relationships and the quota shares in place. That then means that PTUs value is not just the rocks in the ground but also comes with a pre-packaged arrangement. Both FCU and NXE have to make a very compelling cases to be bought out my limited players. PTU doesnt. Sure they make be stuck with their partners but they are the biggest and hence the most likely, once the rocks are verified, that it would be the most likely site to get development (ie big players dont have to pay through the nose ... they already have an ownership skate in the game). Therefore PTU then becomes a decent take over target.
Bullboard Posts