Roughrider Spin-Out ?

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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FANTOMAS

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Roughrider Spin-Out ?

posted on May 09, 2009 03:54PM

Has the possibility of a spin-out of Roughrider, in order to sell it separately to a major, been discussed here ?

I personally think that the other HAT properties and JV´s have excellent potential as well and are not factored in.

The actual share price and the potential sale price would never reflect any (true) value of the other properties, therefore my scenario would be:

spin-out Roughrider, sell it after 43-101 and use the cash for development of other high potential properties.