wcu is undervalued at the moment IMO.
WCU's Enterprise Value will be $69m (based on 25c/share) after exercise of options; target production 0.5mlbs stepping up to 0.7mlbs; has high grades of U3O8 at 0.34%.
Alliance Resources (AGS) has a EV of $210m; targeting production of 0.75mlbs/pa (25% of 3m lbs) and has high grades of U3O8 at 0.29%.Production in 2010 as well.
WCU's ore is being extracted by Reliance Resources inc and Shumways are also principals/directors of Reliance. Reliance is already extracting ore at Denison's Pandora mines.
A re-rating of WCU's projects (has 6) will not be surprising IMO.
wcu takeover target?, page-2
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)