I believe Rio paid $11 per pound in ground but the U price was higher then.

Will Cameco etc wait for the 43-101 RE or will they jump in before the price of poker goes too high?

The price of Uranium is set to skyrocket and FCU will continue to add to the resource. This deposit is open in all directions. So the longer we wait the higher the price for a buyer.

If FCU proves that there are other deposits on their property this thing will get out of control.

We are waiting for the results of the recently completed Radon survey including the Forrest Lake conductors. (They are spending $500,000 on Radon alone). If there are good results there (Derkson Corridor) we should see a big jump in the share price.

At PDAC I talked to the FCU geologists and they said they see the same "bright spot" on the VTEM conductors at Forrest Lake.

If FCU proves they have another big deposit at Forrest Lake,,,the sky is the limit.