RE:RE:RE:RE:Why no 43-101 numbers on the website ??bluesteele wrote: Silverwhere? and hotdog vendor, lets put this in simple terms FCU's ore is under a lake and overlain by 50 meters of glacial till and mud. Due to infiltration this material is hydraulically charged so any dyke for an open pit mine will be met with extremely costly freezing techniques.
Aside from that mess, you have the following:
1) Outstanding Sahres = 1/2 Billion
2) The Chinese ownership = 20%
3) The Chinese control up to 35% of FCU's uranium production in an off take agreement at a significant discount to spot pricing
Now that the Chinese have a 20% controlling interest in FCU, it's upside potential is finished. The stock has been effectively capped. Dev sold out the shareholders to keep himself and Ross at the trough for the next 5 years. I expect the Chinese inverstors to limit the exploration budget going forward and shift the focus towards the various studies and permit applications required to move the project forward. This will take 5 years as others have suggested. They are looking for uranium securtiy for their reactors and at this point they could care little about spending another 30 million on trying to grow the depsoit or any other existing pods.
No other major is going to step in here, FCU is going to .30 cents.
My thoughts exactly. Secure salaries over share price increase. A shame.