Hard to say really, I know what you mean about MEY being an obvious choice but just because they're neighbors and MEY is a minnow doesn't mean it will be targetted by DYL. Borshoff would have his own criteria.
When he was CEO at Paladin he definitely went for a diverse portfolio of acquisitions in Malawi, Australia and Canada being the ones I'm aware of.
I guess times have changed and he doesn't quite have the war chest that he had back in the PDN days and MEY might well be in his sights. Interesting interview with Matt Gordon, he makes reference to his knowledge and experience (which would count for something after all) as a form of enticement for any acquisition target.
A lot of people just don't know how complex and problematic it is, not only to set up a producing uranium mine, but also engaging the utilities in the contracting process, especially as the U sector has lost a lot of qualified personnel over this prolonged bear market.
It's definitely worth a listen:
Investor Briefing with Marenica Managing Director Murray Hill - Friday 11/12/2020, page-63
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