#u3o8

Skyharbour Resources drills 12 meters of 0.62% U3O8 at Moore Uranium

Skyharbour Resources (SYH.V) has completed its spring drill program which consisted of 2,783 meters in 7 drill holes (one was drilled at Nutana (1), three were drilled at the newly discovered Otter Zone (holes 2-4), two were drilled on the main zone (holes 5 and 7) and one hole was drilled at the Maverick East zone).

The headline result was encountered in the one hole (hole 19-06) that was…

2003 to 2007 was a proper bubble. And underlying it all was an utterly compelling, believable narrative. 

- An energy crisis was looming. 

- Oil was running out (remember “peak oil”?). Nobody was fracking yet. No new oil discoveries in safe, cheap jurisdictions were being made. 

- Blimey, in those days even the natural-gas price used to go up. Alternative energy could not hope to meet the developed-world’s requirements, let alone those of the developing world. 

- Everything was about powering the incredible growth of China, which had to build “x hundred” power stations by some date in the future. 

So the question was: “where is the uranium going to come from?” No new mines had been built in decades, Russia was no longer selling off its old weapons supplies – the easy conclusion was: “quick, buy uranium!” 

Like all bubbles, once the narrative took hold, the spivs and the scams soon followed.

Jim Mellon rode the bull market perhaps better than anyone. In 2005 he co-founded UraMin with resource investor Stephen Dattels, with $100,000 of seed capital. It floated on Aim in 2006 and was bought by French nuclear giant Areva for €1.8bn a year later at the top of the market. Said to be worth over half a billion pounds, UraMin was Mellon’s single greatest investment success.

He sold, but many investors in the last uranium boom didn’t – or at least, not until it was too late. They’re the ones who need convincing now. Scars run deep following a bubble. As far as I’m concerned, it’s only a matter of time. Uranium may or may not be quite ready to take off, but it makes sense to book your seat on the plane while it’s still going cheap – at least research the seat you might book.

But Germany and Japan are only coming back on line slowly. Stockpiles dwindling, several mines have suspended ops BUT others coming online. Taking a long time to play out, but with 5 year view should be OK. Book your seat. 

Dominic thinks that April to June is time to buy. Putting series of higher lows. 

Skyharbour Resources intersects thick uranium zone at Moore Uranium

Skyharbour Resources (SYH.V)has released the initial results from its Fall 2018 drill program on its 100% owned Moore Uranium project in Saskatchewan’s Athabasca Basin. This drill program consisted of approximately 3,800 meters in 8 holes, of which two have returned high-grade uranium values and four other holes were drill-testing deeper targets in the underlying basement rocks. Those four…

Blue Sky Uranium extends the mineralized zones at Ivana, but will need a grade boost

Blue Sky Uranium (BSK.V) has completed its 61 hole Reverse Circulation drill program, which allowed it to complete just over 1,000 meters of drilling (as a reminder: Blue Sky’s exploration targets are hosted in very shallow sandstone zones, and the average drill hole is just 15-20 meters deep).

Blue Sky has successfully extended the footprint of the uranium mineralization at Ivana as it…

Wie das Finanzportal ,The Globe and Mail’ berichtete, geht die Mehrheit der Analysten von weiter steigenden Uranpreisen aus. Im vergangenen Jahr konnte sich der Spotpreis für Uran bereits um durchschn

Wie das Finanzportal ‘The Globe and Mail’ berichtete, geht die Mehrheit der Analysten von weiter steigenden Uranpreisen aus. Wie fast alle Rohstoffe verlor auch der Uranpreis in den vergangenen…