Cameco ??With Cigar lake ramping up ,Cameco does not need to buy anything and I expect they will not even be looking until they settle the Tax bill with the federal government.
FCU will not be needing any more cash for a least 2 years with the 80 million in the bank account. They have only driiled on 3 conductors out of over 100 identified on their claims , so who knows what the numbers may be. So far everything is located where it can be mined very profitably.
These two deposits are very different and FCU is far ahead in getting to a mine. The PEA results will be very different as well when they are done , with PLS profits far better. Very key to attacting a buyer .
TEVEE is been pumping away for a long time and so far has managed to get a pile of investors to push the ignore button. Why would he do this to a good stock ?? Have to wonder what his motives are !! Maybe just stupid is the answer . LOL
Anyway many more very good shallow holes with an updated 43-101 and PEA will fix this investment stock price. However may need to wait until the supply /demand for U308 moves the price to where it is certain to go. Stay long and prosper !!