Blue Sky holds a portfolio of four uranium assets in Argentina. There is a need for domestic uranium producers as Argentina imports 100% of its uranium consumption. Argentina has three operating nuclear reactors (plus one in construction, and two additional planned), but no domestic uranium production.
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Given that Blue Sky Uranium Corp has roughly 300 million shares outstanding, and a PEA resource of about 23 million lbs of U3O8, isn’t the company already fully valued at USD 0.30? If so, then the only way that investors can make money is for resource to be greatly expanded? At a 10-fold return, do you think that over 200 million lbs of uranium are actually present and recoverable?
Hi Samuel, thank you for your question. Our fair value estimate is $0.47 vs the current share price of $0.30; not a ten-fold return as you suggested. Please check pages 13 and 14 of the report for details of our valuation. Our valuation was based on existing resources, and does not account for any upside. Please feel free to send us follow-up questions. Thank you.
Johan A
on October 21, 2021 at 9:54 PM
Do you have a view on the drilling results for Amarillo Grande that was released yesterday?
Hi Johan, thank you for your question. Results were generally encouraging. Although grades were low, we were pleased to see that multiple holes intercepted shallow mineralization. We continue to believe that the project has potential to host multiple deposits.
Given that Blue Sky Uranium Corp has roughly 300 million shares outstanding, and a PEA resource of about 23 million lbs of U3O8, isn’t the company already fully valued at USD 0.30? If so, then the only way that investors can make money is for resource to be greatly expanded? At a 10-fold return, do you think that over 200 million lbs of uranium are actually present and recoverable?
Hi Samuel, thank you for your question. Our fair value estimate is $0.47 vs the current share price of $0.30; not a ten-fold return as you suggested. Please check pages 13 and 14 of the report for details of our valuation. Our valuation was based on existing resources, and does not account for any upside. Please feel free to send us follow-up questions. Thank you.
Do you have a view on the drilling results for Amarillo Grande that was released yesterday?
Hi Johan, thank you for your question. Results were generally encouraging. Although grades were low, we were pleased to see that multiple holes intercepted shallow mineralization. We continue to believe that the project has potential to host multiple deposits.
Very well done!