too late to keep the change, too late to pay

the old neil young song 'Country Girl' from CSNY is humming in my head...."too late to keep the change, too late to pay, no time to stay the same, too young to leave"

current uranium spot price is $50lb. Long term contract may be $65lb.

If Heathgate offered $1.10 per share for a takeover, they would be paying 20 times earnings. In other words, at current uranium prices, it would be 20 years before Heathgate earned a return on their investment.

If Heathgate doubled the production output, they would begin to earn a return on the takeover after 10 years.

Resource is currently 61 million lbs, at current production forecast a 20 year mine life or doubling current prodcution a 10 year mine life.

Either way, Heathgate would never obtain a return on their investment at current uranium prices.

For me, for Heathgate to make any money, takover price is 65 cents.

My theory is major AGS shareholders will not accept a takeover bid at current share prices and Heathgate will not make a takeover bid at the current share price at current uranium prices.

I could be completely wrong of course.