Ann: Quarterly Activity and Cashflow Report, page-49

It feels like the more we go up, the cheaper we look!

Lets see:

1. Uranium: CXU has an EV of approx $49 milion AUD $51m MC less around $m cash) with around 30 million pounds of Uranium. We have approx. one quarter of that (7 million pounds), so that alone could be worth around $12 million AUD.

Uranium is approx. USD $87.3 per pound or approx. $133.73 AUD per pound. The quarterly mentions extraction costs of around $15-25 per pound, so quite alot of margin potential!

2. Cash: Approx. $1.6 million AUD.

3. Brazil REE, Lithium, Niobium: Early indications indicate the potential for GIGANTIC resources. Cheap to drill in Brazil. Good results could see a mind blowing surge in the SP and MC! Plus picked up for an extremely low price.

4. Phillips River: Potential for good Lithium results pending.

5. Stallion REE: Huge surface area of around 5-6 square kilometres of 5-6 million square metres. Shallow deposit, with the host ore around 30 metres thick. So total host of around 150-180 million cubic metres. Waiting on REE, but if we assumed 0.33% REE, then that would be around 500,000 tonnes of REE. Sure, just a guess, but the MRE (Maiden Resource Estimate) is due.

6. Castor Bay: No good for Lithium, but excellent Gold and Copper hits and those two commodities are booming!

7. Market cap of around....$7.4 million...oh! What happened there? Market rerate imminent. Coming in hot!

Al the best.

Cheers

MicroNova2035

IMHO/DYOR