Hm...
at $2 this is valued around 300mio which is a lot given that the NPV of their project with a PEA is something aorun 250mio but with uranium at $70.
Something I will put on my watchlist as Toshiba and Cameco are connected to this but the price tag is a hefty one.
Next point is that 5mio cash are not that much to push thorugh a DFS so another financing might be due sometime within the next 12 month...
At a dime I for sure would add some shares but I guess that the one of the 2 mentioned above would step in and take the company out at a higher price given that there is a nice resource and both have the time and the money to wait.
Just my personal thoughts. DYODD
carinthian