Hi there
A quick analysis indicates that if any explorer gets up to JORC standard(even in the INFERRED category) with a substantial size of u308 contained pounds, they will get taken over:
Is this a trend? This goes to show companies with JORC will command a premium and any company JORCing in the next 12 months to 18 months will immediately have a premium or a substantial EV/lb $ measure applied(e.g. $10/lb+)
Companies with jorc resources taken over
Valhalla uranium (Mt ISA U jv, Bigryli) - take over by PDN
Redport - Take over by Mega
EME - under takeover negotiations
SMM - take over bid by PDN
MTN - take over bid by Buttermeres
OMC - small jorc, yet take over by Denison
Others close(<12months) to substantial jorc(with already proven mineral/drill results) and a drill program ongoing?
AGS(25% free carry)
BMN(interim resource due)
ERN (Area 1 as per reports)
ACB
EXT (targetting 35 mil pounds) ? commencement date of drilling
BLR (taylor ranch 25mil pounds- ann pendings re drills)
DYL (don't know when drilling) ?
thats about it. the rest are really speculative and are not close to any real JORC defined resources
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