WCU
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0.00% 23.5¢ white canyon uranium limited

wcu is undervalued at the moment IMO.WCU's Enterprise Value will...

  1. silsol
    3,491 Posts.
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    26/01/10
    21:47
    Post #: 6247935
    wcu is undervalued at the moment IMO.

    WCU's Enterprise Value will be $69m (based on 25c/share) after exercise of options; target production 0.5mlbs stepping up to 0.7mlbs; has high grades of U3O8 at 0.34%.

    Alliance Resources (AGS) has a EV of $210m; targeting production of 0.75mlbs/pa (25% of 3m lbs) and has high grades of U3O8 at 0.29%.Production in 2010 as well.

    WCU's ore is being extracted by Reliance Resources inc and Shumways are also principals/directors of Reliance. Reliance is already extracting ore at Denison's Pandora mines.

    A re-rating of WCU's projects (has 6) will not be surprising IMO.
    WCU Price at posting: 24.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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