30% of tenement - 18 million pounds of U18 million x $113 US =...

30% of tenement - 18 million pounds of U

18 million x $113 US = 2.034 billion

if we extrapolate that to the remaining 70% we could have a conservative total resource of 50 million pounds

50 million x 113 = 5.65 billion

current U explorers with a JORC'd resource are valued at around $7.50 per pound in the ground

this would mean that once WME JORC's up their reserves we should see a market cap around=

$7.50 x 50 million = 375 million or a share price of around $1.85