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If you go back to the '70s, a

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gsfl   Sunday, 03/06/11 05:26:37 PM
Re: neidenbach post# 2
Post # of 15 
If you go back to the '70s, a lot of mom-and-pop mining was done in Nunavut. A number of small companies were trying to find a small amount of uranium. The problem was a lot of these companies had trouble obtaining financing because none of them was going to be big enough to interest the institutions. The one thing that Kivalliq did was to develop the company over time and get the biggest land position in Nunavut. In fact, in Lac Cinquante, it has a grade that is the best deposit outside the Athabasca Basin. The company has done a lot of work to build a pretty solid operation, has a very experienced management team and has raised some money. The government is pro-uranium and First Nations is solidly behind the project.

Kivalliq's going to go forward and do a lot more drilling this year. It has an estimate of 22 million pounds (22 Mlb.), but that's not NI 43-101-compliant because the drilling was done 25 years ago. The company will have an NI 43-101 completed on its Lac Cinquante property in the first quarter of this year. Kivalliq had a lot of foresight to acquire all this property, which totals 225,000 acres. Now, with what we think is going to be a major uranium bull market, Kivalliq is sitting in the driver's seat.

Lumina Capital Limited Partnership just did a $5 million private placement with Kivalliq, so there are some other people on the Street who agree with us.

It's all happened before and it will all happen again. Might as well profit from it.
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