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GUE

2.22%

8.8¢ global uranium and enrichment ltd

DON'T FORGET THE GOLD, page-2

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Mastatrada

1,189 Posts.

255

26/06/24

15:02

Post #: 74496002
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Originally posted by gutumike: ↑

While the main focus is quite rightly on uranium and enrichment, let's not forget that GUE also has the potentially valuable Enmore Gold Project in N.S.W.,

Enmore is very close to and bears similarities with the nearby Hillgrove gold and antimony mine, where drilling has produced some excellent results such as 31m @ 65g/t and 5.3m @ 220 g/t.. Hillgrove was formerly owned by RVR which got into financial difficulties with its Nth. Qld. Thalanga copper and base metals operation, and the Hillgrove mine is now being brought back to life by LRV.

This region also hosts some high grade stibnite/antimony, a metal which is in short supply and high demand, and becoming increasingly valuable. Antimony supply unfortunately comes mainly from China, Tajikistan and Russia, and the West needs to secure reliable supplies of this versatile metal. As well as its widespread use in fire retardants, antimony is a critical metal in the manufacture of bombs, missiles and ammunition. Very topical in today's militarised world.

A non-contributing joint venture to develop Enmore.would be an ideal way to monetise GUE's Enmore project while continuing to focus on its North American assets.

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Right, I can't understand the valuation of this stock. There are companies with higher market caps based solely on projects less promising than Enmore; 2021 exploration returned a hole
"174m @ 1.83 g/t gold from surface" with the mineralisation continuing at higher grades at depth

GUE Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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