the only difference between cigar lake and the elephant in cas tenements is that the cas elephant is not currently under water.
however Dumbo is knee deep at the moment as the government currently own all interests in all U contained in these tenements.(previously drilled as candle mentioned)
Can we sniff a deal with the govt in regards to mineral rights in relation to U, or is the price just running on the development and increase in iron ore pricing. i would suggest the latter otherwise inside trading would become a major issue.
but as candle has alluded to, the shares could go crazy if the Massive grades of U in their tenements became company property and not govt property
great performing stock , with no real downside under 60cents
i am currently buying all U stocks with aim of reaching $90 per pound price and thus giving them all a lift in next 6months, i will definately buy CAS if the U becomes a reality
rgds mutsy
CAS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held