Wildhorse World class Mescek Hills project currently hosts an...

Wildhorse World class Mescek Hills project currently hosts an inferred resource of 48.3m t grading 0.07% for 77 million pounds of uranium with another 70-90 million pounds of uranium exploration potential, making it one of the largest uranium projects in Europe.

Toro Energy f.ex holds 75m pounds at a lower grade of 0.05%.

Mecsek Hills will be developed by Wildhorse in a joint venture with Hungarian state owned groups Mecsek-Oko and Mecsek Okc and Hungarian Electricity, which owns the Paks nuclear power plant.

Paks currently supplies 40 per cent of the coutnry's power and is developing two new nuclear reactors with the 12 billion dollar Russian nuclear deal.

Wildhorse holds the uranium exploration rights for the pecz licence area, whereas the state owned MECSEK-ÖKO company holds the neighbouring MML-E licence.

The final goal of the cooperation is to establish a joint venture between Wildhorse Energy and the state companiy to utilise the exploitable ore reserves together and reduce cost via the JV.

Wildhorse world class uranium asset will be worth billions of dollars based on conservative production levels and a $80 per pound price.

WHE management includes several men with extensive experience in uranium mining, not least Mark Hohnen, who was also chairman of Kalahari Minerals, a company with interests in the Husab Hills uranium project in Namibia, one of the worlds largest deposit of the ore.
He sold the company to China National for £600 million.

WHE most undervalued uranium stock on ASX.

Expect China National Nuclear Cooperation or Russia to farm-in for tens millions of dollars

Just check the M&A transaction table p.12 supplied by Edison

News soon

Hope this helps