Skyharbour Resources Ltd.
Growing M&A Prospects in the Junior Uranium Space
Published: 12/8/2023
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:SYH.V - TSX.V 🔹SYHBF - OTCQX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.53 |
| Fair Value | US $1.16 |
| Risk | 5 |
| 52 Week Range | US $0.32-0.64 |
| Shares O/S (M) | 170 |
| Market Cap. (M) | US $90 |
| Current Yield (%) | n/a |
| P/E (forward) | n/a |
| P/B | 3.3x |
Already a subscriber?
Want to know the fair value of the stock?
Subscribe for free to get exclusive insights and data.
Report Highlights
- SYH has expanded its portfolio by staking three uranium properties. Currently, SYH's land package spans 518k hectares across 24 properties, representing one of the largest portfolios among uranium juniors in the Athabasca basin.
- The company has completed a maiden drill program (9,565 m/19 holes) at the Russell Lake project, optioned from Rio Tinto/NYSE: RIO. Despite the program yielding low grades, mineralization has been confirmed over a strike length exceeding 1 km at one of the targets. A follow-up drill program is expected to commence in Q1-2024.
- Management is also planning a follow-up drill program at its flagship Moore Lake project, before completing a maiden resource estimate.
- Option partners are actively
