Global Atomic - Largest High-Grade Uranium Sandstone Deposit Globally
Interview with Stephen Roman, Chairman, President and CEO of Global Atomic Corp. (TSE:GLO)
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Global Atomic started in 2005 and focused on Niger. One the best performing regions for uranium outside Kazakhstan and Canada. By 2007 they had tied up 6 assets and have developed 4 of them before settling on their main asset. The uranium development has been supported by their share of a zinc producer in Turkey. Global Atomic has a 49% share of the c.$26M EBITDA business . Last year they rebuilt the plant to almost double the production. This has been highly attractive and has allowed Global Atomic to grow the uranium business whilst others struggled.
Global Atomic is a highly experienced uranium management team who has produced uranium, and sold uranium in to the market. We think this is critical to the success of any junior uranium company. Not many uranium juniors companies can claim to be end to end and that is why so many fell over in the last cycle.
Stephen Roman tells us about doing business in Niger. The area that they operate in has been a producing uranium for over 50yrs. They have done 140,000m of drilling so have good picture of what the deposit looks like. Stephens talks about the grades and size of deposit. It is the largest high-grade sandstone deposit in the world. 250Mlbs @ today's price of $25 is c.$6Bn. But it's under the ground. Stephen talks about the economics of how much it will cost to get it out of the ground. What do you think of what he says?
We Discuss:
0:51 - Overview of The Company
2:27, 26:08 - The Turkish Asset
7:45 - The Management Team, Their Experience and Roles
12:54, 26:09, 36:47 - Running a Business in Niger: Government, Obstacles and Advantages
21:21, 30:26 - Getting into Production: What Do They Have? What Does The Timing Look Like? What's Their Strategy?
39:27 - Why Should You Invest in Global Atomic?
Link to transcription: https://cruxinvestor.com/opinions/glo...
Company page: https://www.globalatomiccorp.com/
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