companies with jorc massive premium

Hi there

A quick analysis indicates that if any explorer gets up to JORC standard(even in the INFERRED category) with a substantial size of u308 contained pounds, they will get taken over:

Is this a trend? This goes to show companies with JORC will command a premium and any company JORCing in the next 12 months to 18 months will immediately have a premium or a substantial EV/lb $ measure applied(e.g. $10/lb+)

Companies with jorc resources taken over

Valhalla uranium (Mt ISA U jv, Bigryli) - take over by PDN

Redport - Take over by Mega

EME - under takeover negotiations

SMM - take over bid by PDN

MTN - take over bid by Buttermeres

OMC - small jorc, yet take over by Denison

Others close(<12months) to substantial jorc(with already proven mineral/drill results) and a drill program ongoing?

AGS(25% free carry)

BMN(interim resource due)

ERN (Area 1 as per reports)

ACB

EXT (targetting 35 mil pounds) ? commencement date of drilling

BLR (taylor ranch 25mil pounds- ann pendings re drills)

DYL (don't know when drilling) ?

thats about it. the rest are really speculative and are not close to any real JORC defined resources





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