GREY:ESOFD - Post by User
Post by
Lhotseon Sep 08, 2013 7:49am
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Post# 21725418
Rio Tinto will buy PLS deposit...here's why
Rio Tinto will buy PLS deposit...here's whyRio Tinto bought out Hathor because they wanted "in" on the Athabasca Basin. That is just the beginning of their pursuit of deposits in Athabasca...notice this from an article when they bought Hathor...
Rio, the world’s second-largest mining company and second-largest uranium producer, has uranium assets in Australia and Africa. Its acquisition of Hathor for $654-million is believed to be the beginning of future buys in the resource-rich Athabasca Basin, where 20 per cent of the world’s uranium is produced.
https://www.theglobeandmail.com/globe-investor/cameco-bows-out-of-hathor-bidding-war/article4252653/
Plus, Rio Tinto has a good relationship with Mike Gunning, who will now sit on Fission's board.
My belief is Rio Tinto will buy Fission out.