hi metal.
there is confusion regarding itochu. you need to contact alliance resources if you want clarification.
i don't think itochu would be interested in owning a percentage of ace craton explorer that owns a percentage of four mile but if it was given to them then i guess they maybe interested, who wouldn't. from the alliance perspective i don't think alliance would be offering a percentage of ace craton explorer to anyone for nothing or next to nothing.
a fair price for four mile is interesting but it should be sold from a long term perspective valuation. uranium stocks valuations are all over the place atm and are quite volatile. e.g. cameco's market cap has increased by $400 million in the last 48 hours and it could get even more volatile over the next few months.
the current ags share price is not a good guide. why should toro or peninsula have higher valuations than alliance. last night usec inc (nyse) went up by over 20% and these guys are on the verge of bankruptcy. alliance has an interest in four mile, it should command a premium.
below are the results just out for ur-energy (nyse) that has a market cap of US$150 million and ur-energy has had a market cap of US$230 million as recently as march and now has been given buy ratings that would give it a market cap of US$290 million. you can see what i mean.
look at the numbers below and compare it to our 25% interest in four mile. ags is a lot better than urg.
Operational Highlights for Lost Creek
Ur-Energy (NYSE)
Column 1 Column 2 Column 3 Column 4 Column 5 0 Units Quarter YTD 1 2014 Q1 2014 Q2 2014 2 3 U3O8 Captured ('000 lbs) 198.6 116.7 315.3 4 U3O8 Dried & Drummed ('000 lbs) 171.2 133.7 304.9 5 U3O8 Sold ('000 lbs) 110.0 207.8 317.8 6 7 Average Flow Rate (gpm) 1,103 803 952 8 U3O8 Head Grade (mg/l) 179 152 165 9 Average U3O8 Daily Production (lbs/day) 2,206 1,282 1,742
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