Mar. 18 at 9:08 PM
$FNUC sits on the Pine Ridge uranium project in Wyoming's Powder River Basin sandwiched between major ops from UEC and Cameco, including Cameco's Smith Ranch mill just ~15km away. Recent drilling hit strong ISR-amenable mineralization with multiple roll fronts and solid grades. At a ~
$40M market cap right now, strong cash position (around
$25M Feb presenation), and prime location in the top U.S. uranium district, could this be a classic bolt-on takeover candidate for UEC or Cameco ? Strategic land + low valuation = classic M&A setup in a heating uranium sector. Thoughts?
$CCJ