RE:RE:Cameco and Fission - ALL IN COSTS & Substitution.DemoZ:
RE: Millions of pounds in multiple deposits.
Using NPV (Net Present Value) a potential acquirior could come up with a comparative valuation. Thus in doing their math, it may be cheaper to defer one of their present UG properties in favour of another one ( e.g. Fission and Triple J). Acquirors are ( or should be) very methodical.
RE: Why haven't they took the bait as yet?
While only they can enlighten you al to why. All we can do is speculate what is going on.
1. Decisions of this magnitude are typically presented to their boards for approval. Even though a Tier 1 company may have better numbers than Fission (& RPA); boards are essentially handcuffed. i.e. they cannot act without a NI 43-101 COMPLIANT document. In the US boards require proven resources whic can only come AFTER a PEA.
2. Also a T1 may already have a better (in house) PEA than RPA could ever hope to produce.
3. Are the potential bidders singly or allegedly collusively putting the squeeze (silent treatment) on Fission?
4. RPA has to wait on the Winter drilling to update their in-fill holes to update their ore reserve to be used for the PEA.
IN SUMMARY
Sure Fission has a 100 Mln of double I resources; a potential FIRST bidder may be waiting to get a report from their M & A department complete with legal input. This all takes time. We all know (from the olympics) the penalty for "jumping the gun".
FWIW - patience c/should be rewarded. Uglification by potential acquiriors not withstanding.
Cheers
Stanley