OTCQX:PALAF - Post by User
Comment by
davidyon Apr 15, 2007 7:28pm
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Post# 12611947
RE: PDN Increases Bid For Summits To $6
RE: PDN Increases Bid For Summits To $6Ever since the Valhalla Uranium takeover, I have been of the opinion that Paladin will take a shot at Energy Metals Limited in order to get a controlling interest in the Bigryli deposit in Australia's Northern Territory. If the Summit takeover fails, which I feel is likely (IMHO), then I would not be at all surprised to see this happen sooner rather than later. The ownership of Bigryli is split 53.3% Energy Metals Limited, 41.7% Paladin and 5% Southern Cross Uranium. The Bigrlyi resource stands at 14.3 million lbs of U3O8 and 16.3 million lbs of V2O5. I expect we will say a further upgrade of this after the next round of drilling. This would be easy for Paladin to digest and there has already been speculation about this.