THOUGHTS... 2012
The spot price for uranium averaged $48.40
2024
Day's Range: $81.85 - $81.85
Issue ?
BSK modelled Ivana using wash and scrub which accommodates
= lower priced uranium.
Fastforward
Uranium is far higher in spot price
2024 PEA should've included
loose rocks + Ivana Center Hump + Maria tie in + NE ext
Spanish report + Maria reveal hardrock uranium
Ivanas Backyard ( West and East Bluffs )
https://live.staticflickr.com/65535/54113378765_eb65239476_b.jpg
This image ( 2m downhole ) reveal far higher grades rocks appear mineralized
https://blueskyuranium.com/site/assets/files/5909/calicata-37.jpg
Picos + Indos Lagunas ( brines and Silts )
2 meter image above eludes to green sludge silts - highgrade
2 Salars
https://live.staticflickr.com/65535/54061746476_ac9eb7a275_b.jpg
2012
On March 13, 2012,
the Company announced preliminary results including a high grade pit
(1.40% U3O8 over 1.10 m including 2.74% U3O8 over 0.5 m – see Table below) that occurs within an interpreted paleochannel in areas of very high surface radiometric anomalies (+200 counts per second using a Georadis RS 125 scintillometer) that cover a large area of approximately 3 km2
* World Nuclear Association web site presents a resource estimate of 52,500 tonnes of contained U3O8 (174 million lbs.) at 0.15% U3O8 average grade in the Indicated category.
Link -
https://blueskyuranium.com/assets/docs/financials/2012-Q1-MDA.pdf
Resolve ?
2012 ----------> bsk spoke about highgrade rocks and basement.
Somewhere along the way someone decided to just wash the rocks.
And only... Carnotite vs all types of uranium.
Loose rocks, Basement, U6+ ( uranyl )
Bring forward the loose + basement hardrock.
Uranium prices are now higher.
Hick up ?
Share structure needs to remain at current status
to ensure value for shareholders.
Segragating Ivana away from rest of, Amarillo.
Ivana ------------> stand alone / preserves value.
300 million shares assigned to Ivana
150 million shares ( 2:1 spilt ) given to current shareholders
assigned to remaining claims.
SELL IVANA
but first.... reveal more to maximize shareholder value.
Loose rock + Ivana Hump - Tie in Maria
I kinda like the WNA tonnage and grade value.
Top up value = Test bluffs and Salars
Ivana is surface uranium.
Versus ----------> Saskatchewan junior deposits = far deeper.
Other peers ----------> have underground hardrock ( 1000/1200 tonnes ) day
Hardrock has to snipe veins = far harder to pull tonnage
Larger firms are securing uranium tonnage -------> forward contracts
Smaller reactors require 20% enrichment grade vs standard 5%.
Lastly.... how would an economic report look if....
P, K were accounted for ? ( Tungsten ? )
Brazil junior uranium explorer does.
An opinion.
Not investment advice.