WME west australian metals ltd
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forsys sale sets price

  1. Narla
    605 Posts.
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    18/11/08
    12:46
    Post #: 4508990
    Interesting to see that the recent sale of the Forsys Valencia deposit went through at US$8 lb for an inground uranium resource of 62 mil lbs at 110ppm.

    WME's Marenica deposit has 34 mil lbs at 140ppm.

    Using the Forsys sale as a guide, the inground value of the Marenica deposit is currently US$0.53 lb - around 15 times LESS than the Valencia deposit.


    WME Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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