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THE CRITICAL INVESTOR NEWSLETTER # 81

Dear subscriber,

After their PEA results came out in February this year, Blue Sky Uranium established themselves as a new, low cost uranium developer. And what is more, their Ivana uranium/vanadium project in Argentina is part of a much larger land package with seemingly the same characteristics, so there could be more deposits, potentially resulting in much larger resources which in turn could improve NPV numbers significantly. Although the project isn't economic yet at current contract uranium prices, keep in mind that almost every developer around needs a US$60-65/lb U3O8 price, and Ivana is viable at US$50/lb U3O8. On top of this, Argentina imports their uranium at almost a 100% premium according to management, so this means that in theory with current contract prices hovering around US$32/lb, the country pays US$64/lb and Blue Sky could do business by selling directly for their base case price. This is not a certainty of course at this point, as there is still a long way to go to production, but it is interesting to say the least. Read more about it here:

Blue Sky Uranium Looking To Significantly Increase Resource Of Flagship Ivana Uranium/Vanadium Project

Regards,

The Critical Investor

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