namibia the uranium explorers paradise

good to see that the last week or so that the general market is starting to pay a bit more attention to WME. Seems that some people have different views on the stock which is fine that is what these forums are about, not everybody has to agree on which is their favourite stock.

As for WME compared against its fellow Uranium peers defining resources out of Namibia here are the following market caps as of this morning taken from commsec.

PDN- $4841 million
BMN- $274 million
ERN- $35 million
EXT- $149 million
WME- $52 million
DYL- $553 million

Each of the above companies are at varying stages of exploration and development in Namibia and I am sure that by taking a poll on which one people thought was the best value you would get votes spread over each one of them.

Just trying to highlight the fact that Namibia is certainly a world hotspot for uranium exploration and with a Government that is very helpfull in getting projects to production stage there is no reason why any of the above could become one of the next Uranium producers, obviously Paladin is already producing.

Yes WME is only in the early stages of exploration on their tennements but the above market caps certainly shows the upside potential of WME when more drilling results are released and they prove the historical data and confirm at least a 18 million pound uranium resource.

The fact that WME has started to be re-rated will continue on any positive drilling or sampling news due to the fact it is undervalued when you work out the value of the companies per pound of uranium times the historical reserves.

So WME might not be everybodies first choice Uranium explorer, but it certainly has some potential upside from these price levels, should be an exciting few months ahead with exploration results due.

Remember DYOR