Market Cap at end of trading yesterday $114m. Coincidentally JORC resource total 114m lbs. EL8 valued at a mere $1 per JORC pound in the ground with huge exploration upside potential!
Koppies alone may be a monster: “It is now considered that Koppies 1, 2, 3 and 4 are all connected, for an aggregate length of 20 km“.
Once serious money starts to flow into the U sector and the spot/term prices move, EL8 should absolutely fly. If (when) price of Uranium moves from $50/lb (current) to settle at around say $70-75/lb (conservative), then value of EL8 pounds in the ground should massively re-rate. Say the market only goes on to value of the current JORC resource at $10/lb (a massive discount to a $20-25 spot/term increase), then we are still looking at 10x from here!
EL8 Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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