The fact that DYL new management has ceased all further test work and engagement with MEY is not surprising at this point in the uranium price cycle. While prices are low it makes sense to put your foot on resource, and this is what DYL has been doing. MEY has been doing the same. Once prices improve projects will come forward based on the known resource, and the cost savings offered by U-pgrade will be important boost to project viability.
It is interesting to note in the DYL release that there is no mention that the agreement has been terminated, suggesting it is still on foot. If here was any change, renegotiation or termination of the original agreement I expect that Marenica would have been forced to disclose this.
I am a patient shareholder in both MEY and DYL
MEY Price at posting:
8.3¢ Sentiment: Hold Disclosure: Held
