It doesn't make much sense to me either. I'm assuming that maybe everyone is focussed on the North American assets and the potential of the enrichment process, which I would have thought would at least justify the current MC of around $21M, so Enmore comes free at the moment.
Maybe they'll do some sort of deal with LRV to develop Enmore, or maybe even sell it outright to help to fund their other activities, although sitting on both uranium and gold at present is a pretty good place to be.
There's a lot to like about GUE, and I'm investing roughly the same amount into this one as into MEU, another small explorer with both uranium and gold, but a higher MC ($48M) with a view to keeping tabs on how they develop in comparison with each other.
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