Borshoff told shareholders at the Deep Yellow AGM yesterday that the current low uranium price was the junior’s “friend”, giving it the opportunity to “plunder” assets held by those who are struggling.
“Unfortunately that is how it is in the jungle,” Borshoff said.
Borshoff believes utilities in the uranium sector want to see mining companies with a pipeline of projects out to 2035.
As well as seeing potential in Deep Yellow’s Namibian assets, Borshoff and the team at Deep Yellow are looking elsewhere.
He said the company wanted to find “another Langer Heinrich” and, as such, wasn’t going “delicatessen shopping”.
Meanwhile Borshoff did offer a slig...