RE:RE:NEWS- Forum Options Patterson Lake South Area PropertyI like the deal. The JV partner is going to pay the first $3 million exploration costs in return for a 51% interest. So the first couple of years no costs to Forum and Forum can use their cash for other purposes. The uranium sector is terrible at the moment and very interesting opportunities will arise for those with cash (like Forum).
The longer I think about it the better I like it. Preserve your cash while exploring and others paying the bill.
Anyway, just my two pence...