Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: UPDATE 1-Cameco to buy Hathor Exploration for C$520 mln

Lowball? Dunno. KEPCO and AREVA have deep enough pockets, but they also have ties with CAMECO and are just as likely to work something out backroom style. I sold a little today, as these takeover prices tend to peak and then go downhill over the next few days. The market seems to be saying this isn't the final offer, though.

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