In this video, our Head of Research will discuss the latest research report on Blue Sky Uranium Corp. (TSXV: BSK / OTCQB: BKUCF). About our head of research: Siddharth Rajeev, B.Tech (Electronics Engineering), MBA (Finance), CFA.
A recent infill and step-out drill program at the Ivana deposit on the flagship Amarillo Grande project (Argentina) indicates potential for resource upgrade/expansion. Results will be included in an upcoming resource update, and a Pre-Feasibility Study (PFS) in 2023/2024.
We believe the project has potential to be a low-cost mine, as the cash cost is estimated to be just US$16/lb vs the spot price of US$50/lb.
Uranium prices have pulled back 22% from their highs in April 2022, but are still up 9% YoY. We believe the uranium supply-chain is highly vulnerable, and supply disruptions are likely. Russia accounts for 35% of global enriched uranium production. Another factor supporting uranium is high oil prices.
Read the full report here: https://www.researchfrc.com/blue-sky-…