WCU is trading @ a deceptively high EV of $30/lb,yet it is cheap...

WCU is trading @ a deceptively high EV of $30/lb,yet it is cheap for the following reasons.(1)Cash generation this year.There is $15m worth of stuff stacked @ Denison,after milling costs WCU free cash flow is $10m in 2011($5m milling costs is probably too high,but I dont have an accurate figure). ...(2)The JORC resource @ Daneros is probably 10% of the total.If WCU proves 10mlb,the EV will fall dramatically to $3/lb. ...(3)No further dilution or CR needed,given the strong cash flow. ..(4)Big scope for expansion/aquisition.WCU is in a very attractive jurisdiction..(5)The milling agreement with denison is a huge plus. For these reasons I expect WCU to trade @ much higher prices & have a conservative price target of 30c sometime in 2011.Cheers