the best uranium stock on the asx

OK folks I will help you out & show you why:

Wild Horse Energy

Their Objective
*45 million pounds of JORC compliant U3O8 resource target
*Drilling underway ... JORC expected end of June
*Three projects at bankable feasibility stage (PFS completed) within 18-24 months
*At least two (2) operational uranium mines within four (4) years
*In Developed Countries and Regions, which are pro-development of uranium mining, with an established and growing demand for nuclear energy
*Substantial ground position secured in uranium mining district of Hungary
*Application made for 300,000 hectares of previously explored ground in Paraguay

Resource information:

1] BISON BASIN
* Upwards of 20 million pound resources of U3O8
* One million pounds U3O8 per annum production rate target
* Agreement to purchase extensive database of resources and project engineering
* Team preparing to define JORC compliant resource and reserves and complete Scoping Study in 2007
* Feasibility study to commence as soon as possible

2] SWEETWATER
* Targeting 10 million pound resource of U3O8
* Initial drilling has confirmed original drill hole information
* Progress to comprehensive resource definition program commencing in new year
* Further extended ground position WITH 575 claims covering 11,880 acres
* Close to Rio Tinto's Sweetwater Mill, the largest licensed facility in US...WildHorse’s claims are intermingled with those owned by Rio Tinto

3] HUNGARY
* Over 240 square kilometers of uranium prospecting rights
* Pécs area contains approx 70 million pound resources of U3O8, with over 20 million pounds targeted on WHE ground
* Resource evaluation and Scoping Study being prepared for Pécs
* Delineation of resources of Bátászék to commence in early 2007 with target of over 5 million pound resources of U3O8

4] PARAGUAY
* Application made for 300,000 hectares of previously explored ground in Paraguay
* Explored by Anshutz in 1980’s
* 42,000 metres of drilling over wide area
* Thick mineralised zones encountered
* Grades of between 0.06%-0.35% U3O8

5] MANAGEMENT
* Mark Hughes (Chairman) - Ex-Rio Tinto and Iluka CFO
* Richard Pearce (CEO) - Former MD-Nova Energy Ex-Rio Tinto
* Henry Neugebauer (Technical Director) - Ex-Chevron Minerals (Uranium)
* Bruce Larson (Director) - Ex-Rio Tinto and Kintyre Uranium

Based on the 20,000t target that they wish to JORC through 2007, WHE is now the CHEAPEST uranium stock on the ASX - MC per lb is only $3.20.... Now passing MTN who have a MC per lb of $3.37. They are well advanced in progressing the various studies, and will certainly be in production before MTN & are in real U-friendly territory!

You do the math!!! But $4-$5 this year is a given IMO!! - Just need to get the capper out the way & we will be off!

cheers