cameco's rabbit lake mill
Currently milling Eagle Point ore to 2017 when it will be mined out, so Cameco are looking for ore for that mill so they can continues to operate it and make money, rather than spend money to shut it down to meet the environmental costs to shut it down. Earlier in the summer there was an idea to consider PLS ores for Rabbit Lake but I don't know if that is still being considered. ie Cameco has a mill ready at Rabbit Lake of PLS ores. I think FCU management are aware of that possibility. Stay tuned................. So if RIO goes after merged company for the 22% of McLean Lake mill to process Hathor ore, Cameco will have something to say about that, as well as their idea for PLS ores me thinks. And Cameco probably doesn't want RIO taking any of their market share. So Ross has pointed out some but not all the potential deals, and we are much better off in that merged arrangement than fending for ourselves.