big big watch here..., page-5

Yep...not a bad mix...

Cash: $7m+

CHN shares (to be distributed in-specie to shareholders)...current value $9.6m

Base resources IPO (to be distributed in-specie to shareholders)..current value $7m?

Market cap at 50c = $48m

Take away cash/liquid assets/spin-off assets...their uranium portfolio is being valued at just $24m.

Cheap compared to some of their peers...especially given the people at the helm, the in-house expertise (more of which were added today) and of course, the backing of a serious canadium uranioum player in Larimide.

Seems like they BLN are being set-up to become a serious player.

I have gone long today, both for the upcoming entitlements and future potential of the company (av 50c so far and looking to buy more)

Cheers!