Devastated miner Uranium One, which recently slashed some 1,000 jobs as it put its former flagship Dominion mine on care and maintenance, is now a ripe takeover target, according to analysts at Cannacord Adams.

The National Post newspaper reports Uranium One's low-cost assets in Kazakhstan (which the company has said it will continue to pump money into despite cuts to production and exploration elsewhere) could be tempting for Canadian giant Cameco Corp., which is currently commissioning its Inkai project in the country.

Uranium One, was one of the industry's biggest upstarts in 2007, but has since suspended operations at Dominion, postponed capital expenditure, cut corporate and exploration costs, and sought partners to help fund the development of future projects. Amid the company's supply woes, its stock has sunk some 90% in 2008, placing it in the bargain bin for companies looking to scoop up a mid-cap producer.