marathon will probably be re-rated upwards?

Some more Marathon Resources buzz-words to consider.

1) Marathon intends to drill Mt Gee, Hodgkinson, and Armchair-Streitberg deposits.
2) Increase tonnage and confidence in the Mt Gee resource towards an indicated resource.
3) Establish a resource estimate for the Hodgkinson and Armchair-Streitberg deposits.
4) Use the same Mt Gee 3D computer modelling technique to determine drilling sites for the Hodgkinson deposit. This is almost finalised.
5) A drill rig has been contracted to commence work around mid to late October.
6) Drilling (6 holes) will start at Mt Gee then followed (5 holes) by Armchair-Streitberg or Hodgkinson depending on the 3D modelling results.
7) The whole Paralana ore system has indicated strong uranium potential particularly at the Armchair-Streitberg and higher grade Hodgkinson deposits.
8) The price of uranium continues to increase.
9) Marathon continues to focus on uranium exploration.
10) All activities are concentrated in the go-ahead state of South Australia.

Based on the various announcements from many listed ASX uranium companies, either MTN is undervalued and due a re-rating upwards in the near future, or many of the other companies are overvalued and could tumble.

I suspect that with global uranium exploration gaining momentum, the price of uranium trending upwards, Marathon’s current JORC compliant results, and the strong likelihood of even more/better MTN inferred/indicated uranium results to come, I think it’s reasonable to assume the MTN SP will probably be re-rated upwards in the near future.

Technically, the bulk of the initial profit-taking correction seems to be coming to an end, and the SP may well base around current levels as volumes start to slowly increase (accumulation) in preparation of another trend upwards and bounce in the SP.

Overall, I think amongst many of the ASX listed uranium stocks, MTN offers a very exciting good value risk/reward opportunity at its current market cap, shares on issue, SP, and being in South Australia.

Mensa.