U Spot price, page-54

Yes and no

The big play with EL8 (imo) is that there is so much more to come than their reportable resource.

They're an explorer who have found what they wanted to find. They just need to firm it up before it can become reportable.
- Koppies; they have found Uranium but more drilling needs to be done to firm up the resource.
- Namib IV; they have found Uranium but more drilling needs to be done to firm up the resource (this one is 17kms of paleo channel with U found all along it.)
- Hirabeb; being drilled now but this is a 37km paleo channel.

The potential is insane but I think the problem with this stock is that, from the outside looking in, there's so much going on that its difficult to get your head around.

I reckon the end game is we're bought by Husaab (CGN) based on $ / pounds in the ground. Didn't China buy a Kazatomprom mine for $8.00/lb? Imagine that for EL8 once they've firmed everything up