RE: Bowlers1223 Jul 2025 12:35
GoNowt,
Its an industry that people are really starting to flick to given the political and geological landscape and who holds the cards on these critical minerals and countries sovereign independence towards energy and Tech made materials.
But beyond the Major players and a few rising stars, the wide Majority like MET1 dont sell the assets in the ground. They explore, locate, estimate and sell on. They can have strings attached, like 10% of every ounce of gold sold in the life of the mine as an example. Thats what will occur here, they wont be selling Uranium, just the asset to a much larger Major company but still highly rewarding and it looks like MET1 failed in Finland and have upped their game for some Big Fish exploring. But its early, no drilling or samples yet, just mapping, surveys and proving out historical data in a means to build a Phase 1 drill programme.
Right now they are using the funds to aquire sires, licenses and building a business. Its a trading period, but as a long term investment done with the same amount of effort into acquiring they put into onsite progression can make a lot of money.
Its why im not buying yet, I invest to.make money not watch it dwindled and keep adding to stay above water.
Anyway.... im getting on my Jet, fully Fueled as to not be outdone by Lord James of Waltermittyville