RE: UCG and Uranium25 Feb 2014 12:20
I'm not making any excuses SS, it was a crap deal, let's face it, but let's also face the fact that the Uranium side of the equation is much more valuable to WHE. This is only my opinion but the location of the mine, especially in relation to infrastructure, such as ports, rail etc. leads me to believe that the mine will eventually be developed for local supply. Saying that, I don't think that WHE will ever mine Uranium. I believe it will also be sold and my guess is the Russians. The cost to bring a Uranium mine on stream is enormous and I just can't see WHE doing it, with, or without a partner. I'm hoping for a large buyout and move on to the next opportunity, or return some capital to the suffering shareholders.