U Coming to WA, page-349

If toe had the team and the approvals he will have much stronger value you would not be buying into toe at this price and a strong player in the game !
but as it stands which we all agree having none of those it is vulnerable and is prey

the best time for a T/o by any interested party is when it is vulnerable especially a t the price uranium is moving
the interested party might not be in a hurry to develop for a few years but get it on its books for a song
things will change in that time

someone posted on here that up to now toro has spent $500m on this project to get to this point if so
now his cap one tenth of that and the strongest the space has been in the last 15 years or so

miners on the asx like BoE Dyl Pdn to name a few have strong market caps will always look for ( opportunities ) to expand and look for vulnerable miners !!
They will move there own early projects and have this as a strategic play ….


if you remember last cycle Pdn bought into a few other projects as strategic moves some at the top
one in particular was the Valhalla deposit owned by summit resource and cost him over $1b for a in ground resource
a smaller deposit in qld than toro for memory and currently has no approvals

anyway like I said this imo and each to there own