Spin-out / Spin-in approaches.

Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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ballyculter

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Spin-out / Spin-in approaches.

posted on Mar 12, 2009 03:47PM

First of all I like the name MAX, what will the spin-out achieve?, two things I hope:

Unlock value for the shareholder.

Outsource exploration that is no longer considered as core, and were they can reduce the cost of this service to the parent company.