 Hello everybody and welcome back to Invest Your Intel. I'm Peter Clausen. In my opinion, there is no metal more directly linked to international events than uranium. Today we're here with one of the global experts, Deb from Fishing 3.0. Why do you win when I say you're a global expert? Of course you are. I don't know because I think I know a lot of smarter people you know maybe it's age but you look at how many people really know the supply and demand cycle. I believe we're already gifted at making discoveries and so I would say you know that's more what I know. I think there's a lot of people more qualified to talk about supply and demand those things so maybe that's just my understanding of what a global expert is. Maybe being a smart guy means you're listening to other smart guys and girls and figuring it out. Now you're more tied into the uranium market than I am. Globally what's going on right now? Well we had a bit of a low absolutely. I think people expected you know a lot of uranium price keep marching up to $5570 but there's been a as we wait for a spot for the gross cost vehicle to be listed in on the New York Stock Exchange which would give him access to a lot more capital. More capital means access to buying you know more yellow cake which drives up all the level of what we have. So I think that's the problem is right now so but people don't see is a beautiful base building and I think a chemical announced double their dividend that's why people buy the stock but they said they've also contracted you know between 79 million pounds an hour under contract. That's a big number. It's huge and you remember the overall market is 180 so they're saying they're starting to contract further up. When I started the business a very small part was spot and the majority of it was long term. However the role of Kazakhstan has been there more they'll sell to you at the spot price there so they're really hitting bids on spots which I don't think is wise and they're now rethinking that but also Japan when Japan left the market I believe the adult left the playground and so it went to more spot base but so I think what's happening is we need a higher spot price and that's going to happen with spot getting more access to cash and another big sign was I mentioned like when I spoke to Mr. Getzel at Kanoko back in September, October he said this is all great we love a higher spot price but the real we must have long term contracts right we've got to have them so that that's the underpinning of everything we do. So now that he has that that's why they felt confident in doubling the dividend not that it's what it is but that was a very bullish sign for the industry. So I'm just looking at the spot price for uranium it's been all over the place this past year dancing a polka so then let's focus down to FUU which I always joke is not an insult it's just the training symbol I have roughly 270 million shares out market cap of 40 million dollars yeah for the in my opinion the kinds of assets you have should be claiming a higher share price because you have some pretty high quality. Yeah but I think yeah I oh absolutely I think that what people forget is how hard it is to get good quality land in the basin and we did it like everybody does smart investors buy stocks good stocks when they're down but the fundamentals are there we did that on a corporate level we were buying assets people brought land and we grabbed it but you know at the end of the day you've got to get pounds and so we've got sniffs of a major discovery on PLN we're drilling as we speak right and so we know it's an exciting year because we have almost 12 and a half million dollars to spend this year which is a lot of money 10 million dollars and then the joint venture of attraction they've got to spend two and a half million this year a million at Hardy Bay this in March coming up very soon and a million and a half on Lazy Edward in the summer so you know we have a lot of money to spend and what makes discovery but what fission allows is a it's a bit of a hive in the sense it'll go up if uranium prices go up but it's got the advantage if it hits a new deposit it'll double and triple so in that sense you know that's not we're not that far away but you've got a hit but we've got you know absolutely we've got 16 projects that were handpicked by a technical team that's made two discoveries before they're looking for two types of models the old you know unconformity model like cigar lake and at the basement yeah that's conformity touching or basement hosted like aero and triple r so they know both and so I was excited we're drilling that's what you want exploration company to do is drill and that's what we're doing and it's a pretty big target it's about three kilometer long conductor that's a big target huge and so you know you don't have you know unlike governments we can't run deficits and so we have to be you know judicious and how we drill obviously I like to do you know 50 holes there but we'll do about 10 and then we'll do more so you know we're doing what we're supposed to be doing which is drilling and we've got the right technical team I would put it in there I'll put the ball in their hands or you know many others nobody else made two discoveries before but you know but the end of the day the spot price has more of a out of our control and we've also had a you know the elephant in the room is that we did a financing September all that stock came trading and the stock was 23 24 of course has been beat up down to below 15 I bought some but you know but the flow through guys can be pretty vicious as you know when they sell you combine that with a market meltdown everybody pull back and so but no otherwise but that's the big issue is that we control what we control and I like the fact having 12 and a half million dollars to work with the share fish in 3.0 dev who's certainly the smartest man in this room thank you for your time it's always good chatting with you fish in 3.0 f you you on the venture exchange I'm Peter Clausi signing off from investor intel have a good day thanks guys and I hit