Blue Sky Uranium Corp BKUCF

Primary Symbol: V.BSK

Energy

Blue Sky Uranium Corp. is a uranium and vanadium exploration company. The Company controls more than 480,000 hectares with the potential for uranium resources in Rio Negro, Chubut, Neuquen, and Mendoza provinces. Its projects include the Amarillo Grande Project, the Sierra Colonia Project, the Tierras Coloradas Project, Cerro Parva Project, Corcovo Project, and Chihuidos Project. The Company's flagship Amarillo Grande Project is located in central Rio Negro province, in the Patagonia region of southern Argentina. The Corcovo Project is comprised of two adjacent exploration properties totaling approximately 20,000 ha at the northeastern edge of the Neuquen basin. The Chihuidos project is comprised of six exploration property units totaling almost 60,000 hectares located 60 kilometers (km) west of Anelo city. The Sierra Colonia project includes 100% ownership of more than 28,470 hectares in the central-eastern part of Chubut Province.

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Blue Sky Uranium Corp

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Post by Wangotango67on Sep 22, 2024 6:22pm

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Post# 36235627

JVCO - 4 PHASE PROPOSAL - why not buyout ?

Property vs IVANA
COAM can earn up to a 50% indirect interest in the Property by spending up to US$35M and advancing Ivana through to completion of a feasibility study, and to drill key exploration targets located in adjacent areas of the Property.

Following a positive feasibility study, COAM can earn an additional 1% upon its decision to fund the capital cost of the Project and further 29% interest by funding 100% of the estimated capital costs to achieve commercial production.

Wango - key exploration targets located in adjacent areas.
                not identifying key adjacent areas --------> diminishes value.
                How ? . if my satellite maps are in the zone - #2 image shows a 10 km zone
                close to Ivana where i placed an X to represent Ivana. Adjacent could point to
                target zone upper left corner image # 2

Goes from indirect interest to,
parties enter into a shareholders' agreement ( phase 3 )

To.... ( phase 4 )
MCA and JVCO enter into a call option agreement which, among other things, will provide JVCO with the right to conduct exploration and drilling activities on certain prospective areas and exploration targets (the "Exploration Targets") and a five year option to acquire the Exploration Targets (the "Call Option") at a price determined by reference to the amount and type of resources and reserves in respect of such properties at the time of exercise of the Call Option

Wango - From Ivana to adjacent targets to ---------------> certain prospective areas.
                If i read into this.... would it not mean all of Armarillo ?

What would make more impact on share price and value for shareholders ?
Simply stating -----------> COAM is interested in all 3 zones of Armarillo.
By doing so.... creates more value upfront for shareholders vs just Ivana as focal and
mystery unnamed target zones.

Why is this important ?
Read the 2012 tech report.
Anit and Santa Barbara have just as good grades.

Secondly ?
If junior is carried by COAM.... what will the junior do to value of JV if it ventures off
exploring mord lands ? -------------> dilutes the JVCO. More shares out.

Solution ?
Revise the JVCO..... 51% - 60% maximum for COAM.
Mention all 3 targets.... Ivana, Anit, Santa Barbara - positively bolsters present value

Then... spinout all of Armarillo ( 3 target zones mentioned above )
= preserves value for shareholders. 1:1 sponco.

Or.... mention all of Armarillo 3 claims.
COAM buys all 3.

Or..... COAM buys all of Armarillo...?
COAM dishes out $15 million to bring Ivana to fesability and Anit and Santa Sana to pea.
Then full buyout of all Armarillo.

Where else is there uranium at surface - world over ?
Vantage junior and shareholders.

Then junior can go off exploring two new claims.
Fresh share structure.

--------------------------------------------------------------------------------------------------------

If satellite maps show yellow and green mineralization at surface...
AND IF..... it's uranium.
Junior should've expanded all 3 targets since 2019.
Simple bore holes at surface. ( not hard to do )
Why only... Ivana ?