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13:04
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Originally posted by seawindpilot:
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I do not think CCO have the free cash to both increase their shared holding in GLE and have Capex for the build out of Pudacah. Their core business is mining U and they also need large amounts of capital to increase production at Cigar lake and McArthur to meet demand as it comes. They will wait until at least they see how the LEU RFP pans out and then a FID. Another factor is how much if any the DOE will fund or provide loan guarantees for the build out which i suspect is highly likely to include a 6 Million SWU plant as well as the Tails plant. If that does happen then GLE's value will be increased exponentially and i do not think CCO will be bothered about paying us a larger price at that stage.
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I have always thought that Cameco could make a takeover offer for Silex. That would eliminate possible arguments over vaulation of GLE.
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