The March 12th webinar is focused on Uranium

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

The March 12th webinar is focused on Uranium

Post by dan_s »

Mike Blady, the CEO of Basin Uranium is a geologist who will be making the presentation on Tuesday morning.
He is an entrepreneur and a geologist with over 12 years experience in the capital markets. Mr. Blady has been involved in all facets of building, growing, and operating a public company and has successfully helped raise over $100 million in capital over the course of his career. His extensive experience managing public companies gives him an appreciation of the best industry practices with respect to financial risk control and disclosure. He holds a BS in Geology from Simon Fraser University and currently sits on several boards of TSX, TSX-v and CSE companies.

Basin Uranium (NCLR): Notes below are from an EPG Founding Member in Canada

The Chord project, located in Edgemont, South Dakota, has seen a significant amount of past exploration as well as a large historical resource.
Situated 2.5 miles from Encore, which is a 900 million market cap, Basin Uranium has a fully permitted 17 million pound ISR mine.

The project looks to be ISR but needs more testing but looks like low capex and cost uranium mining.

The company has acquired a number of existing claims in South Dakota adjacent to Chord, with historical drilling expect to combine all resources and have a large 43101 resource in the next 30 to 90 days.

7 million market cap is an attractive evaluation, and one may expect a significant re-rating on the back of the new resource. Reasonable expectation is a range of 20 to 50 million dollar market cap in our humble opinion.

Various other assets throughout the U.S., Basin Uranium continues to evaluate.
Dan Steffens
Energy Prospectus Group
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