Can't say that I'm too keen on the uranium aspect either, Reiner. Partly because of Fukushima, plus Germany's decision to phase out nuclear power, and a building groundswell of public opinion against nuclear, I think that there may be an oversupply developing by 2013. I also think that thorium might well replace uranium because it is much safer, due to the fact that there is no risk of a nuclear chain reaction with thorium.
However, the uranium projects are just a small part of CRE's portfolio, and it may well be that FML will negotiate the sale of CRE's interests to the JV partners, to give a bit more cash in the kitty and keep the focus firmly on gold.
focus minerals, page-16
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