The Next Bull Market Move Interview - Niko Cacos, President and CEO of Blue Sky Uranium

Welcome back to another episode of The Next Bull Market Move. I have a brand new guest, he is the president and CEO of Blue Sky Uranium, Niko Cacos. How are you today, Niko?

I'm doing great, Kerem. Thank you for having me.

Let's begin by talking about the uranium market and the upward move in the spot price over the last 12 months. What does this signal to you for the uranium market going forward and do you think we'll see a continuation of an upward move in the spot price this year?

I believe we will. Yes. The move last year has been nearly a 50 percent increase in the price of uranium. Gone from just over $20 a pound up to just under $30 a pound.

That's quite a significant move and we're still going to see that momentum going forward in 2019 because I think we're continuing to see a big demand in uranium. New nuclear reactors being built around the world and there's going to be more, continuously more uranium demand required.

Let's talk about your company, Blue Sky Uranium. Give us some background to the story and how you're positioning yourself for a new bull market in uranium. I understand you have a very large land package in Argentina with a number of deposits that are near surface. Is that correct?

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That is correct. What we have in Argentina is probably the most significant uranium discovery in the world today. It's not just a discovery of a single deposit, but we believe we've discovered a new uranium district. Currently we've got a 43-101 compliant resource of just under 20 million pounds of uranium and just under 10 million pounds of vanadium.

So that in itself is a fairly significant deposit. But what we're seeing is that this land package extends from north to south, almost 150 kilometers long. And it's a zone that is about 50 kilometers wide. So in this entire land package, we've been seeing uranium occurrences throughout the entire strike length. This is a very large area. Like I said, it's a new district. And we've focused on doing our exploration work and our discovery work, starting with the most obvious places first.

And as we're stepping out from where we know we've got our uranium, we're discovering more and more uranium. So we're very excited about the upside. There's a lot of room here for big expansion and the fact that the uranium sits up close to surface makes it very significant from an economic point of view because it means it can be extracted very cheaply.

This deposit that we have is very similar to what you're seeing in Kazakhstan and the Inkai deposit, which is one of the world's largest and lowest cost uranium mines. We think that we've got something similar here in Argentina.

So can you give us some details about the vanadium that's associated with your project? If investors are looking for a company with vanadium exposure, would Blue Sky fit that criteria?

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