100m pounds at 25 cents per uranium pound in the ground, not even including the 34 million pounds of vanadium, ablation and the first utility off take contract? Vanadium at $3 per pound adds $100 million in value to WU. Yet WU only has a market cap of $29 million.
African uranium companies are sending their ore samples to be ablated, hoping that their ablated ore will drive down their costs.
Yes, i can see why the share price moved higher. i am truly surprised why it is this low. we all know the USA utilities have backed away from bidding aggressively for new material. Hence the reason for the $1-2 drop in spot price. i expect we will see $30 spot, possibly lower. Then more firms will send their sandstone hosted ore to be tested in Glasier's ablation mining machine.
Cait
BLR Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
