Sean K
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- Joined
- 21 April 2006
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This has had an outstanding run, but is it still undervalued to some extent?
Now has nearly 7m lbs JORC/Pre JORC.
Rio Puerco, New Mexico - 4.5m lbs @ 1200ppm
Apex - Lowboy, Nevada - 1.5 m lbs @ 700ppm
Open cut
Possible depths extensions to add 500k lbs.
Just acquired Smith Claims next to Rio Puerco with 500K pre JORC with further exploration potential.
Pretty good grades there.
Exploration Lily's - Sam 4-5 m lbs targetted.
Drilling expected end Mar.
Production targetted late 08. Will be one of the next producers by the look.
90m @ 1.45 = $130m ish market cap.
As I said has run hard and now consolidating around $1.40. MACD and Stoch look ordinary at the moment. RSI not demanding though.
Any opinions out there on the value??
Now has nearly 7m lbs JORC/Pre JORC.
Rio Puerco, New Mexico - 4.5m lbs @ 1200ppm
Apex - Lowboy, Nevada - 1.5 m lbs @ 700ppm
Open cut
Possible depths extensions to add 500k lbs.
Just acquired Smith Claims next to Rio Puerco with 500K pre JORC with further exploration potential.
Pretty good grades there.
Exploration Lily's - Sam 4-5 m lbs targetted.
Drilling expected end Mar.
Production targetted late 08. Will be one of the next producers by the look.
90m @ 1.45 = $130m ish market cap.
As I said has run hard and now consolidating around $1.40. MACD and Stoch look ordinary at the moment. RSI not demanding though.
Any opinions out there on the value??
