It will be hard to target a fair price on wcu since we don't know how much resources they have. They were supposed to give us some information on historical data that they had purchase from Utah power and light (UPL).
(Link no.1)
WHITE CANYON PURCHASES HISTORIC URANIUM DATABASE - TO REDUCE DRILLING REQUIRED FOR RESOURCE DEFINITION
http://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00029501&fileName=/csfsprod/data106/filings/01564252/00000001/v%3A%5CWhiteCanyon%5CPressRelease%5CWCanyon-PR-Apr15-2010.pdf
(Link no.2)
Integrated Production Resources (IPR), a geological
consulting group based in Denver, Colorado was engaged to undertake a review of all historical and current data for the company's uranium projects.
IPRʼs evaluation will include, where possible, the
exploration potential and resource estimates for the subject projects.
IPR will also make recommendations on further exploration on each project and is anticipated to complete all these geological assessments in the first quarter of
2011.
http://sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00029501&fileName=/csfsprod/data114/filings/01692173/00000001/v%3A%5CWhiteCanyon%5CInterims%5CWU-Activities-Q2-Dec31-2010.pdf
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