South Australian Uranium Explorers

[Sean K]

Ladies and Gents,

I've been compiling a list of SA uranium explorers/developers to actually see what is out there and make some comparisons to try and determine if there is anything still undervalued, or has some hidden potential.

The list is too long to paste in here so I have attached it to the post.

It is by no means intended as a detailed analysis of each company but just a broad outline of their operations and current market caps to see what is potentially undervalued. You'll need to go to the companies web sites and to the threads in the forum for more detailed information and analysis.

If I have missed any, or if the information is incorrect, please let me know and I'll update the list.

This list is for information only. Please keep any individual stock discussions to the threads. Enjoy!

 

[Halba]

Good list add POCKETMAIL (PKT)

 

[nizar]

Nice list.
Maybe add SNU as well.

TAS, SRZ, and VMS look the goods, the cheapies..

 

[mmmmining]

How could you forget USA?
And GIR, MOX, UTO, NEL, OXR, UEQ, and CUX?

But only MTN, PNN, CUY, AGS, TOE, OXR, SRZ has meaning deposits.

 

[YOUNG_TRADER]

Is it just me or does SRZ seem by far the cheapest and thus best S.A. exposure out of the advanced explorers group?

Also I think we should all give Kennas a big thanks for taking the time to do this analysis

 

[nizar]

THANK YOU KENNAS!

 

[Rafa]

Nice one Kennas...

 

[Sean K]

I've updated this with some of the ones I missed. Some of those mentioned above only have minor interests in SA which was why they were excluded before hand.

 

[greggy]

I've updated this with some of the ones I missed. Some of those mentioned above only have minor interests in SA which was why they were excluded before hand.

Hi Kennas,

Nice new thread you've started here.
Another explorer with prospective ground in SA is Empire Resources Limited (ERL).
It has the Torrens Project, an Olympic Dam style copper-gold-uranium project in SA. The Torrens Project is situated 170 kms sth east of the Olympic Dam mine and 70 kms sth east of the Carrapateena copper-gold discovery. Its also 40 kms sth east of the Punt Hill Project where there have been a number of recent IOCG type discoveries. The Torrens Project consists of two granted exploration licences covering 797 square kms. It is apparently drill ready.
I have recently purchased 250,000 shares and feel that its been totally overlooked by the market.
DYOR

 

[nizar]

Hi Kennas,

Nice new thread you've started here.
Another explorer with prospective ground in SA is Empire Resources Limited (ERL).
It has the Torrens Project, an Olympic Dam style copper-gold-uranium project in SA. The Torrens Project is situated 170 kms sth east of the Olympic Dam mine and 70 kms sth east of the Carrapateena copper-gold discovery. Its also 40 kms sth east of the Punt Hill Project where there have been a number of recent IOCG type discoveries. The Torrens Project consists of two granted exploration licences covering 797 square kms. It is apparently drill ready.
I have recently purchased 250,000 shares and feel that its been totally overlooked by the market.
DYOR

Yeh nice pick, its a new float, low volumes, pretty solid support at .17-.18.
Just needs a white candle on monday and we could be away.
Its on the watchlist.

 

[Ken]

kennas

AXT - are in a similar locations to MOX and VMS.

 

[Ken]

Just had a look to confirm intercept hill is the name of the tenement.

I think empire resources is in similar spot.

 

[Sean K]

Hi Kennas,

Nice new thread you've started here.
Another explorer with prospective ground in SA is Empire Resources Limited (ERL).
It has the Torrens Project, an Olympic Dam style copper-gold-uranium project in SA. The Torrens Project is situated 170 kms sth east of the Olympic Dam mine and 70 kms sth east of the Carrapateena copper-gold discovery. Its also 40 kms sth east of the Punt Hill Project where there have been a number of recent IOCG type discoveries. The Torrens Project consists of two granted exploration licences covering 797 square kms. It is apparently drill ready.
I have recently purchased 250,000 shares and feel that its been totally overlooked by the market.
DYOR

I can't find any info on this project greggy. The U projects I see are in WA.

 

[Sean K]

Updated list.

Also amended market caps.

If anyone has some information to add to these please feel free.

Would be interested to see a 'Top Three' list from these as far as potential and/or value goes.

Any takers?

 

[Ken]

Argo raised 7 million dollars at 20 cents, 35 million shares on offer.

 

[nizar]

Updated list.

Also amended market caps.

If anyone has some information to add to these please feel free.

Would be interested to see a 'Top Three' list from these as far as potential and/or value goes.

Any takers?

Butterbrains have offered $3.52 a share which has just been extended to 4 July. Fools.

LOL!

Well i think SRZ would have to be in the top3. Exploration in gawler crator (known uranium province), also its holding in USA and its U interests are largely SA based. With results from warrior due soon, and a market cap this low, this has massive potential.

Put it this way, it could go to a buck, and still have a market cap of $60million!

 

[Sean K]

I agree SRZ (holding)

 

[UraniumLover]

Kennas - ERO MXR LML MOX HNR . like ERO and MXR out of these guys

 

[dj_420]

it seems to me that some explorers have large market caps that are completely unjustified by what they have actually found.

IMO there are only a small few significant companies with some sort of measured resources such as AGY, MTN, SRZ, TOE and CUY (yet to bring up to JORC). are there any other i have missed? in SA that is?

is it just me or does it seem like a big exploration bubble will one day burst? maybe grigor was right there are very few that will see through to production.

just my thoughts guys

 

[UraniumLover]

it seems to me that some explorers have large market caps that are completely unjustified by what they have actually found.

IMO there are only a small few significant companies with some sort of measured resources such as AGY, MTN, SRZ, TOE and CUY (yet to bring up to JORC). are there any other i have missed? in SA that is?

is it just me or does it seem like a big exploration bubble will one day burst? maybe grigor was right there are very few that will see through to production.

just my thoughts guys

PNN