get uranium asset for free, page-11

The feasibility study is due in June. But the company has indicated it as heap leach process, may cost around $5m. So a right issue, or placement won't hurt too much. With 30,000oz annual production targeted with three mining life, so the revenue could be $25m at current price. It could be a sweat little project to generate some cash for exploration.

Let's hope Ox can found 2-3moz gold by deep drilling. But for the short term, the spin off of uranium project could be the drive for the SP. Of course, existing shareholder should get priority offer, and I don't think the company will give us free shares because they need money to do the uranium exploration. They will get it either from existing shareholders, or newcomers.