The last transactions of U-Companies did for 5 USD per pound Uranium. I will calculate with 45 Mio pound after the update end of October: 45 Mio -20% (namibian partner of WME) 36 Mio Pfund for 5USD = 180 Mio USD. 205 Mio AUD, 445 Mio shares, 536 Mio shares (fully dilluted all Options and Convertible Notes, brings 15,5 Mio AUD in the bank) ca. 220 Mio AUD / 536 Mio Shares = 0,41 AUD/Share
Without Primary Uranium and without the rest 60-70% of the project, they did not drilled yet!!!
Come on guys, sell Marenca for 300 Mil and we are all happy.
WME Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held