Stock price and Price of Uranium No doubt the price of Uranium has depressed the Uranium stock sector. But if we are patient we can add to our shares of the new company over time. I do not think a buyout offer will come immediately. I believe the Majors are watching with keen interest, but the fact is they are not making much money in this [low priced uranium environment]--they are not about to pay out big for a deposit that is only just beginning to be drilled.
Don't get me wrong...this is looking to have World Class potential...I am just saying we will have to be patient for a buy out. We need to come up with more pounds in the ground. But we are certainly off to a spectacular start--a better start than was seen at Hathor's Roughrider deposit. We may be in this for another 12 to 18 months of waiting before an offer--lets drill it out and add value.
Your thought are welcomed.