SCX southern cross exploration nl

2770 tonne contained uranium!!!

  1. 1,451 Posts.
    CLARIFY... market cap $4 mill.

    QUESTION:

    How much is 5% x 2770 t of contained U3O8 (URANIUM) worth these days?

    ANSWER:

    SCX is capitalized at $4 million by owns 5% of the 5th largest proven uranium resource in Australia (Bigrlyi, NT)

    EME owns 53% of the Bigrlyi resource but is capitalized at over $85 million fully diluted (34.2 million shares).

    With the JORC statment on Bigrlyi to be released very very soon, I know which stock I'd rather be on.

    SCX will potentially own 5% of Australias 5th of 6th uranium MINE. Surely that is worth more than $4 mill?
 
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Currently unlisted public company.

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