"....and FSN would be in a good position to get stoned with two birds."
By the way, that was a play on words.
The question is, "Is FSN able to use the cash raised (at $1.50 per share) for purposes other than the Qld near-Valhalla research?"
I suppose a proved up resource is very valuable to have (Summit benefited from PDN's bullishness and gamble). When the tide turns for uranium, FSN will surely be re-rated much higher than it is now, with or without Govt. approval to mine.
The world is energy hungry, oil price is crazy, the ramifications of "peak oil" are here.
Bio-fuels, depriving the hungry masses of food, is not the answer. Let people eat, first and foremost. Biofuels made using UV from the sun on non-productive land is OK, (eg algae in polycarb tubes and/or lined algae ponds) but for major energy needs, surely Oz politicians can't put their heads in the sand with regard to uranium.
FSN
fusion resources limited
