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@Stevemocal I totally agree with your point regarding the IP survey giving us an indication of potential size. Of course not all of the red/yellow in the IP survey will contain copper at economic grades, but if a portion of it does the deposit is going to be massive and that is before possible extensions to the NW or SE. An extension of the IP survey in these directions would be really interesting in the future.

What interests me most about the Bushranger project is the scale because the majors need big projects to fill their pipeline if they are to face the huge future copper demand. These majors won't care about a project's high grades if the scale isn't there and at this preliminary stage, it is looking more likely that Bushranger might just have that scale they need. Very interested to see how this unfolds.

"In a move to offer investors access to spot uranium prices, Sprott Asset Management has taken over Uranium Participation Corporation (UPC, a physical uranium fund that trades in Toronto, relaunching it as the Sprott Physical Uranium Trust. The new trust will launch in late Q2 or Q3 of 2021."

My bet is late July to get SPUT trading on the NYSE.

link: https://www.nasdaq.com/articles/sprott-acquires-physical-uranium-fund-as-uranium-bear-market-ends-2021-05-20?amp

Here is a really interesting and in depth video about the uranium market and how things could unfold in the coming years.

link: https://www.youtube.com/watch?v=0iLKRy8OdZI

The ASX was flying today, I think the US session will be really interesting as you say. Nice to see a good bump up in GCL today up +6.61% at 43.71.

Took some time today to measure, map and plot out the areas of red and yellow and make an interpretation of how each survey line could link up. Bear in mind, this is purely 2d, not taking into account depth.

IP survey plotted link: https://imgur.com/a/EtEDieT

The IP survey really does highlight the potential scale of the deposit. Really amazing to think that the deposit appears to be open down-plunge to the south-east and to the north-west. The scale of Bushranger with mineralisation relatively close to surface lends itself very well to an open pit with excellent economics and it is economics of the mine, not grades that is king.

Very interesting to see the nasdaq to copper ratio starting to turn in the exact same way as it did in late 2000. The rotation out of tech and bonds in to commodities is long overdue. Commodities have been neglected in terms of capital assignment for too long. Please can someone tell me why Peloton has a higher mcap than Antofagasta!

Take a look at the log chart of the nasdaq to copper ratio and you will realize how far this potentially has to run and how early commodity investors are.

chart: https://imgur.com/a/r2UwQj5

Is there something significant leading to the recent rises here, or is it just the market realizing that Thor has uranium assets and has missed out on the move in uranium stocks in the last 6 months?

Ever since the placing it has felt like someone has been very quietly accumulating in the background. There has been a lot less volatility, almost like there is a buyer below a certain price.

I don't have L2, but I am looking at 3.5m volume just gone through at 5.6p, is this a big buy that has just gone through?

I am also completely baffled that there isn't more UK private investor interest in physical uranium and uranium stocks. They seem to be the best risk to reward proposition on the market. I guess we are still very early on this one and we have a long way to go before the generalist investor picks up on the opportunity. I see the spot price moving being a big catalyst for the world to wake up, but the smart money that knows is definitely moving into the space now. Seeing the price action of Cameco recently has been very telling!

Copper is flying today after making it's ATH last week. Currently trading +2.6%.

link: https://imgur.com/a/pq8pEZN

Got the info you were interested in. It looks like there are 2 physical uranium brokers where you can open accounts to trade in minimum 100,000 lb lots (about $3M per trade minimum today). They are Numerco in the UK and 'Uranium Markets' in the US. They posted on Reddit with info on setting up a Physical Uranium trading account.

link: https://www.reddit.com/r/UraniumSqueeze/comments/laeq2x/physical_uranium_u3o8/

That NAV was calculated at 2:30 today before us markets opened. Nexgen is +5%, Denison +4%, Cameco +8% since markets opened. The share price to nav gap is closing and my guess is GCL is due a move up soon.

Copper at ATHs, fully cashed up from a recent capital raise, trading below the raising price, huge newsflow coming this summer and very covid resilient in terms of the jurisdiction the assets are in.

I can see this running a good bit today into the close.

I am looking forward to the moment that people realise that a significant proportion of deliveries are done by car. Get your head around the environmental impact of someone driving multiple miles to a restaurant and then to the customers house to deliver food. It is incredible that congestion in cities and towns could probably be reduced by 10-20% if they banned cars from being used for deliveries.

And then you have packaging, everything is single use with the best restaurants at least using compostable cups ect, but most do not. How does deliveroo try to spin this? They ask the customer if they want to include cutlery, making the default to be no cutlery. That is the only answer they have because they know single use packaging is their Achilles heel and there is nothing they can do about it. How do you transport a cup of coffee across town in an environmental friendly way and ensure you get it to the customer? Lots of cling film is the only way...

I am not currently long here any more, but for those that are interested in this stock. Forsys, which is Aura's closest comparison is trading at CAD$200m, double from when I last posted, so Aura's Tiris deposit should be valued at £65.6m on it's 49m lb uranium alone. I did underestimate the number of shares being issued here, but there is definitely upside to be had here and if they can get it into production, it could be quite considerable.

I remember someone posting a link on twitter months ago about a service that was being offered, I will try to find it and post it if I find it.

I know there are services that allow you to directly trade physical, without delivery of course! But if I remember, the minimum investment was quite substantial. If I find any of the services, I will post you a link. If you are able to directly trade the physical it would be a huge opportunity to avoid the premium to nav of UPC / YCA. It would also allow you to front run the Sprott Physical Uranium Trust NYSE listing, which realistically is going to drive the uranium price up to at least $40+.

If you can find a way to do it and meet the minimum capital requirements, there is a highly attractive risk to reward there.

Unfortunately the price of uranium can be a little difficult to get your head around, as it is very illiquid, has different prices depending on location for delivery and also a good percentage of the uranium transactions are done through term contracting which is usually behind doors. Also some of the companies that have data on spot pricing for uranium charge for their service. The most reliable source of pricing I use is the Cameco website, or gleaning information from twitter users that repost their paid service uranium pricing information.

link: https://www.cameco.com/invest/markets/uranium-price