SOURCE:[Metal Investment News] – A significant uranium discovery in the Althabasca Basin has triggered an influx of geological and management talent to the region. Joint venture partners Fission Uranium (FCU-TSX.V) and Alpha Minerals (AMW-TSX.V) have risen from penny stocks to a combined value of over $175M in six short months. Alpha Minerals has generated a 17-fold return because of the high-grade uranium discovery at Patterson Lake South (PLS) in the Athabasca Basin.
“Big League Talent” (geologists, financiers, and market makers) are aligning themselves with the projects and capital that will secure a foot hold in the play.
Azincourt Resources (AAZ-TSX.V) recently inked a deal with Fission for a stake in Patterson Lake North, northerly neighbor to the PLS discovery. When AAZ resumed trading, it went up 63%.
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