We’ve always enjoyed Chris Parry’s “on the nose” junior stock coverage. Over at Equity Guru Chris has a very positive write up of Blue Sky Uranium.
“This makes the whole scenario a REALLY interesting exercise economically, because while the Argentina government wants all the uranium they can get their hands on just to cover local energy needs (the country is building nuclear plants actively), if the price of vanadium keeps running up, there’s every possibility it could become the more highly targeted ore.
“Certain targets seem to be primarily vanadium. We have drilling underway right now and a program to begin to model this, and shortly to be able to announce the amount of vanadium that is contained in our project,” Kakos told BNN recently.
There are plenty of Canada-based uranium companies that are in a bit of a holding pattern because it’s either tough to get at their uranium or it’s too expensive, or the demand isn’t there.
There’s demand in Argentina. And it’s not expensive to get it. And we found out this week that there’s a significant amount of it to be had. And Argentina’s power companies will take what’s being offered, happily.”