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Wildhorse Energy's uranium assets alone worth twice firm's market value, says broker
By Giles Gwinnett October 01 2012, 3:22pm In addition, the Hungarian government has approved the JV and completion is expected by the end of Q1 2013

Wildhorse Energy's (LON:WHE, ASX:WHE) uranium assets alone are worth twice the company's market value, says broker Liberum, which rates the shares a 'buy'.
It says Friday's full year results showed the constructive progress the firm has made so far in 2012.
The company owns two significant assets in Hungary, pointed out analyst Dominic Nash, who targets a price of 60 pence for the shares.
These are firstly, around 65 million pounds of uranium, in which it is creating a joint venture with the government to commercially exploit.
The second is 185 million tonnes of JORC inferred coal resources, and 1 billion coal exploration expectations, in which it intends to deploy its underground coal gasification (UCG) technology.
"We see the uranium assets alone underpinning a valuation 2 times the current market valuation," said Nash.
Nash sees the company as an attractive investment because it had cash as at end of June of A$10 million and with cash burn now dramatically reduced, the company has between 18 months and two years of cash.
In addition, the Hungarian government has approved the JV and completion is expected by the end of Q1 2013.
Thirdly, he believes the company is progressing well in discussions with strategic partners for the UCG assets, who will be able to commit capital to the UCG asset once the bankable feasibility study has been completed.
When the UCG deal is done, the broker believes there will be a strategic review of WHE’s uranium JV, and a potential demerger of these assets.
It posted revenues of US$333,000 in the year to June 30 compared with just over US$812,000 last year, while it made a loss of US$11.9 mln for the period, slightly more than in 2011