GREY:UEXCF - Post by User
Comment by
KansasCrudeon Oct 31, 2011 2:22pm
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Post# 19196058
RE: RE: No Juice from Bidding War for Hathor
RE: RE: No Juice from Bidding War for HathorCherry picking and misleading 2009 resource estimates PLEASE. You are looking at one deposit and neglecting another +60 million lbs at Hidden Lake and West Bear just a couple of klics from two major U mills and surface mineable. The estimates for UEX is closer to 500 Million lbs. of U and most pretty high grade. FYI Cameco already owns a major portion of UEX and therefore will get more bang for its buck on low ball offer for HAT. When they want to talk REAL MONEY and a bid for UEX they will need to bring a much bigger checkbook. No doubt the ownership by Areva also complicates the bidding. UEX may be best served to split into 3 companies and let the bidding begin.