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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2770 tonne contained uranium!!!
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