1:16 - 1:40
PLS like a farm system - Alpha purchase cost $185 million?:
"What we do is cultivate that farm system. When it's time, like selling your superstars at the top and working with your farm system. That's what we've been doing with our projects, and, ah, if all goes well, we'll do it again this December. We're about to acquire somebody else - about (inaudible - he says something that seems to end with 'hundred 85 million'), called Alpha Minerals, and between the two we hope to have one solid company and take the remaining assets into a newco..."
2:10 - 2:35
Looking for a buyer by January:
"So we've made a big discovery, last November, generally considered the richest uranium discovery for many years, in the world, and we have a 50-50 partnership. We're going to buy them, keep developing it, keep drilling it. Our end goal, obviously, is to sell. And that process will start this January when the merger is finished. We'll start looking for a buyer for the whole package."
3:00 - 3:31
Reference to Alpha purchase - $190 million?
"There's an old saying - 'you're either a contrarian or you're a victim.' And I prefer to be a contrarian. And so I got in the uranium business when nobody was looking at it, said it was over, it's dead, and everything else. But we know it's not true. Ah, we've, ah, been able to find value where other people couldn't. So, ah, my background is simply to go to areas that nobody wants to be. And it's worked very well. We've built one company to $450 million, another one to 150, and now we're building another one to 190. And these are all happening very quickly."
3:31 - 3:46
Fission innovation:
"So the key to it is guys like Ross McElroy on our team, that know how to use science differently. It's no different than trying to invent a new app. We're trying to find new ways to look under the ground and predict where the deposits are."
3:51 - 4:14
'A rope of uranium' - and goals over next 12 months:
"We'll, we hope to complete the acquisition of Alpha Minerals here at the end of November, hopefully early December, and when that project is all in one, we hope to find a buyer for it. The short term is to keep drilling. We have these four zones (presumably, the interview preceded today's announcement of a fifth zone) of uranium. We want to connect them all, so it's not like a bead, but a rope of uranium - and do it again next year!"
4:18 - 4:43
Closing comments for investment community:
"You know, shareholder value, that's the most important thing when you're picking stocks find out what your (not sure what he says here, sounds like 'track team'?) has done to add value. Find out what they've done in the past and what you'll often find is a correlation between the money, the amount if money, they have invested verses their salary. That's what matters. You want that guy to work as hard as you do. And when the stock goes down, he feels the pain. That's only going to happen, if he owns, with his own hard money, into the deal."
Link to full video: https://www.equities.com/media-gallery/189-fission-uranium-tsxv-fcu