Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

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Message: New Poundage?

"With the new hits in drilling, does anyone know how much extra lb's this would reasonably add to the the PEA's 105M lbs already known to exist."

Hard to calculate how many lbs at the new site without assays.

However I suspect the next RE will be in the neighbourhood of 150M lbs.....open in all directions....still early days....

"Also with the price seeming to be held at a pretty consistant level it looks like FCU is heading towards being sold fairly soon to a larger company."

Most junior mining companies are being held down by short sellers.....you can see the pattern......thanks to them it creates great buying opportunities for a stock like FCU that is de-risked.....

As for a buyout, there are many reasons to think that it should be sooner rather than later. However I suspect there were some lessons learned by the bidding war for Hathor. Companies may be afraid to be the one to make the first move and show their hand.....

Although I would love to get the premium now, the longer they hold off the more I can buy on the cheap and the more the price goes up with each new drill hole....So drill baby drill...

Once we get over 150M lbs, the sky is the limit, especially if there is an open pit mine on land...

I think there is a good possibility that this will end up over 200M lbs and an SP of $5.00....always nice to dream.....

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