$EU Strategy: The latest Red Book report by the OECD and the International Atomic Energy Agency on uranium resources, production and demand published last December says there are enough uranium resources for 135 years. The catch is most aren’t permitted or currently economic.
2. How does this shape $EU’s corporate strategy? We don’t focus on greenfield exploration as there are already sufficient resources particularly in the US. Known resources may require verification drilling to bring them up to modern 43-101 standards but this is lower risk.
3. We believe buying resources capable of in-situ production that are permitted or are ready to be so will prove more rewarding than exploration. Initial ISR Capex and Opex are comparatively low so it’s economic at lower #uranium prices with far less startup time.
4. To be successful, ISR needs serious technical expertise to get the right deposits, build, operate, negotiate contracts with utilities, decommission at the end of the mine life and reclaim decommissioned sites. Few junior companies have all the needed expertise. $EU does.
5. We also have one of the largest uranium prospect data bases in the world. To choose the right ISR deposits means knowing permeability, porosity, subterranean water sources and pressures, electrical rates and a host of other factors often more important than grade.
6. Valuing a #uranium company’s assets is important but recognize that the most important asset is the expertise of the management team along with the right strategy. $EU $ENCUF
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