Do you anticipate a counter offer to the Denison offer?

It is very early in the exloration phase at PLS but you have achieved considerable success to date. Based on the market cap of Alpha, the cash involved and the sp of Denison, the valuation of the deal with DML is about $1.23.

Assuming good assay resaults in the next month before the vote, Rio Tinto could be tempted to make an offer for all of your assets including PLS and Waterbury.

I know this is all conjecture but with the coming supply crunch, the majors will be looking to improve production and a potentially large resource like PLS could easily be very attractive to a major company. The Denison offer is only $71 million so a major company could easily improve upon that offer and include Fissions 50% PLS project in the deal.

Do you care to comment on this possibility?

SN