RE:RE:RE:RE:RE:RE:I think a bid is immenientHighROI wrote: HighROI wrote: $3 is becoming more realistic for a bid.
Where we stand now with what we know there is 0 chance of a $4 or $5 bid.
That is $13 to $16 per pound if we are sitting on 125M pounds.
I was one of the first to recognize that the triple R, 000 and 600 might be connected to the South based on the latest drill result and said we could be over 200M pounds.
However, noone is going to pay for maybe if a bid were to come in tomorrow.
And yes this could grow so big that a $4 or $5 bid happens but let's not get ahead of ourselves.
I think Dev knows a bid could come in for $2-$3 if it happens this year. He also knows if he were to stall for another year, that bid might be for $4-$5.
Cameco or Areva are likely to get an indigestion if they eat at the buffet alone. If they want to takeover Triple (Quadruple) R, they will also need to court CGN. CGN also potentially puts DML in play.
Rio is a wild card. There have been rumors floating around about pending corporate actions. They could sell off coal and spin out their Uranium business... With or without a merger with Glencore. IIRC, Rio already in bed with the Chinese as Chinalco is a large(est?) shareholder... Chinese liquidity is a good thing for FCU... Recall they were throwing all kinds of $$$ around for African U projects (Bannerman?) and have been trying to break into the Athabasca.
I would prefer them to dilineate this as well. Especially prove a viable mining plan from land.
Where is goldmansucks when you need him. One of his concerns was tailings and now that the R000 zone is on to something it could potentially be mined first open pit and be a tailings dump for Triple R should this play out as hoped.
HighROI, I say next year because I think timing is just as, if not more important, than the number of lbs proven up. I feel U inflection point 2H15-1H16 itself adds a large takeout premium.