The waiting game
In the uranium and mineral exploration business, a great discovery can be worth a fortune. In this article, a vice president of exploration and director of a uranium exploration and development company discusses how his team relies on understanding their project portfolio to be successful. The projects in this company's portfolio range from prospects that were began more than 20 years ago to some that were acquired recently. In this industry, it is common to have low project success rates, so this company bases their project choices on the funding available. Understanding the value of outsourcing and partnerships enables this company to achieve an economically successful project.