F3 - Takeover TargetF3 uranium SP hit 0.45 this morning as spot hit $100. F3, with pounds in the ground with their most recent JR Zone discovery and the start of an aggressive $16m exporation program that is starting soon, is a very attractive acquisition target for some some of the bigger players. With their new B1 zone showing very high percentage of boron, which is a major indicator of uranium, their drilling could very well come up with another new discovery this winter. Their PLN project is massive, with over 100,000 acres of land and many very good conductors throughout the property. I continue to buy as I am convinced that F3 will be one of the first companies in any M&A programs. There are several companies in both the U.S. and Australia that want to get their feet into the Athabasca Basin. What kind of a premium will they pay?
When F3 hits another U pod, I can easily see it hitting $0.75.