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SYHBF CEO Radio Interview: Exceeded Expectations and Next Steps

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Akula42   Thursday, 05/25/17 09:19:28 AM
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SYHBF CEO Radio Interview: Exceeded Expectations and Next Steps


Some highlights:

“it's going to be an exciting time in the next couple of months. Your model thus far, it seems to be holding up. “

“Well, obviously Moore is the flagship and deservedly so, the results speak for themselves, but you do have other irons in the fire. I know you recently announced that your partner on the East Preston uranium property, your partner Azincort, has announced a summer/fall program if I'm not mistaken.”

“They're going to be starting their exploration programs this summer, as you saw the news from Azincourt. AREVA, as well, planning exploration for this year, so it's good to note that it's not just about our drilling at Moore. That's obviously the flagship. That will be the main catalyst for the company but we have several irons in the fire. We'll be using this prospect generator model on our secondary projects like Preston. We have partner companies coming, spending the money, carrying out the exploration. We'll benefit from the news flow from that, so for the remainder of this year you have drilling that we'll be carrying out at Moore, but you'll also have exploration that Azincourt and AREVA will be carrying out as well, so you'll have lots of news flow from three programs for the remainder of the year, which I think the market will react positively to.”

“There's also a lot happening on the macro side of things with uranium right now. We've spoken about this is the past but just about a month ago you had the World Nuclear Fuels Conference in Toronto. Kazakhstan, there's talks there of an additional cut in production, which would be, we saw the impact that had in the market back in January and February of this year, so if we do see additional cuts from Kazakhstan, that'll be very positive. We also have Japan, the nuclear restarts there. The two Takahama reactors, fuel being loaded into those reactors, expecting those to come online shortly.”

“Denison Mines is our largest strategic shareholder. They actually put some more money in this recent financing we just closed. As I mentioned, the strategic partnership with them, with Moore being on the east side near Wheeler. David Cates, the President and CEO on our board. Marin Katusa, the KCR Fund, has been a cornerstone investment for us for years now. Another contrarian like yourself. We've had a few institutional investors funds out of China, the US, Canada, in this recent financing that we just closed. Jeff Phillips, who you know quite well, down in San Diego. A few other notable names in the industry. So it's important to have, obviously, a strong management and technical team as we do, Rick Kusmirski, being our head geologist. Radioactive Rick as we call him, previously with Cameco and then sold his company, JNR, to Denison a few years back, and then he came on with us at Skyharbour. But it's also important to have long-term shareholders who understand the industry, who are value add, and we have that at Skyharbour.”

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