Well whether they can is kind of irrelevant because it is impossible for them to obtain compulsory acquisition of 90% of the co. given that two funds have just aquired 25% of the company - one of which (Geiger Counter) bought 9.68% at $1.162 average - they're not in this for a couple of cent increase.
Scoping study used $US55/lb. U now at $US113/lb - more than double. Successful takeover should be $2.00 min
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big catchup indicated on the maths, page-4
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