Re URE & URZWhy would Cameco buy any other deposit when they have the best uranium find in decades in their backyard.
The only reason the FCU stock price is hanging around a dollar is because the investors that understand what we really have at PLS are all in. We have other traders and short term investors that run to the exits as soon as the stock price drops.
Look at the last news release and hole # 290
64.5 metres [209 feet] of high grade ore - 3.72% x 22.04 lbs per 1% = 82 pounds per ton.
82 x spot price over $40.00 Can = $3,280 dollars per ton.
There are many holes at PLS in this range and all other are far above the world average . Even the worse holes beat most deposits anywhere else. [ they are happy with over .05% or 1 lb per ton ]
This is a no brainer and if you believe in the uranium space, to go elsewhere baffles me !!