valuation

Comparison of Omega and Acclaim Based on In Situ Value of Uranium and Gold in the Ground




Mkt Cap Tonnes lbs In Situ Grade of Uranium & Gold US$ Mill Gross Value After Black
$m U3O8 Mill. U3O8 Value pt Gold Value pt Total Tonnes US$m Empowerment
gpt
Omega 170 6,232 13.7 0.038% $54.44 0 $0.00 $54.44 16.4 $892.80 $892.80

Acclaim 25 11,025 24.3 0.035% $50.14 2.5 $49.83 $99.97 32.5 $3,249.2 $2,404.39



Uranium Price 65 US$/lb
143,260 US$/tonne
Gold Price 620 US$/oz




Conclusion Acclaim is selling at 37% of the valuation placed on Omega