RE:Any Thoughts on Revisiting the Potential of a DML/FCU MergerFission has the best deposit in the World.
Shallow, High grade, Open Pit (truck & shovel).
A merger with lower quality Undergroung assets that require FREEZING such as DML or, even worse FREEZING 1km deep NXE with Moly in the HG zone, $1M / week cash burn rate, CEO $4M / compensation would not add value for Fission shareholders.
UG mining in the basin is DEAD.
FYI Nxe PFS Indicated lbs for economics going to be over 200M lbs, not likely, investor expectations will be crushed as 100M inferred lbs have no value in a PFS. Sad really as this could have been avoided.
Nxe may want make a bid for Fission as a distraction for sure.
PLS next mine / open pit mine in the Basin!
Wisdomwithage wrote: As I mentioned on the DML Board, I suggest we will experience some consolidation in the U patch going forward. More specifically I can see a revisiting of the DML/FCU merger effort of a few years back, which I supported as both a DML and FCU shareholder.
Times have changed, and such a merger would all but eliminate the duplicity of administrative and regulatory costs, as well as the continuing share dilution that so often torpedo many companies struggling to stay afloat.
My feeling is that FCU shareholders might be more receptive to a merger this time round. Thoughts?
Cheers,
Brit