RE:Many considerations for voting ex Town Hallsudzie191 wrote: Everyone, including myself, all Fission employees included is disappointed in the current situation, caused by a fall in commidities in general and uranium price in particular.
There are 2 considerations/ways to look at this
One can join the NO vote and hope for a good outcome, a plan for which does not exist yet for how to cope with the PEA statement that PLS is likely not economic until uranium price reaches $65 per lbs and shows its stable at that price. And of course watching the video of the Town Hall one can dwell on superfluous details of this that and the other thing, or whatever other expectation that has not been fulfilled in a speculative investment.
or
One can look at the situation on the ground and think about things a bit.
THere are only 3 mines currently in production, McArthur RIver with 380 million lbs, CIGAR Lake with 240 million lbs, and Eagle Point with about 20 million, a total of 640 million lbs.
There are 3 mills, 2, McLean Lake and Key Lake for high grade, and McLean Lake for low grade, plus all the infrastructure required to mine and mill those ores, towns, roads, power, airports, employment deals.
Additionally, there is 110 million at Millenium, 100 million at Roughrider, 70 at Phoenix, and 40 million at Midwest, for another 240 million.
The total is 640 +240 = 880 million lbs
So the 3 mills that have been paid for or still being paid for will surely process most of that 880 million lbs, before any mills and mines get financed, approved, built on the west side of the basin. Common sense?
Therefore for Fission shareholders, the key question............is it better to get integrated with the action on the east side via the arrangement with DML, or stay separate and wait, and wait and wait for some buyout company who considers what is going on on the east side, and finally decides its time to develop the west side.
It could be a long long wait. Something to think about for sure, and I have access to 2 of the best uranium geologists who ask me the same question, lol, but implying the answer by the question!
THink carefully before you vote.
What you say has some merit Sudzie. However the ratio is way to low and feels more like a theft. The deal as is will be voted down rightfully so. Lundin needs to pony up a cash component or a drastically more favorable ratio.