Strategic Alliances was the catch phase. Apart from the mining company they will be looking at other alliances that can fast track the process. They indicated they would conduct the pre feasibility study and feasibility study at pretty much the same time. They will also use CITIC and Talbot as much as they can to also help the process along. They are aware they have a window of opportunity of lower U3O8 production before Cigar Lake potentially comes on line in 2011. They want to have contracts in place before then.
LCK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held