Hi guys, a very spec U-play brought to my attention by TheAbyss
Has recently announced that it will takeover Yeelirrie Uranium a company that has Uranium grounds completely surrounding BHP's Yeelirrie deposit
210m 10c 30/6/07
115m unlisted opies
So sub 10c fully dilluted Current Issued Capital = 370m (this includes the yet to be issued shares for takeover of Yeelirrie Uranium)
Mkt Cap @ 3c = $11m Current
Mkt Cap @ 4c = $15m
Mkt Cap @ 5c = $18.5m
Mkt Cap @ 6c = $22m
Mkt Cap @ 7c = $26m
Mkt Cap @ 8c = $30m Target
Mkt Cap @ 9c = $33m
Mkt Cap @ 10c =$70m (But will get $32.5m cash from the options)
Unsure at the moment
Yeelirrie Uranium, 100%, W.A.
Is taking over Yeelirrie Minerals, whos Uranium porjects completely surround BHP's Yeelirrie deposit bar a few minor pockets held my ENR
Very Very high SPEC Appeal!
As a comparison
ENR with 60m shares @ 50c = $30m
Now BLZ will have a much much larger land holding surrounding BHP's Yeelirrie, about 4x from what I can see from the Map, so at the least I would expect a minimum mkt cap of $30m = 8c BLZ!
Not one to ignore, my experience with these small spec U companies that have grounds in Elephant country ie GSE in Qld near Mary Katheleen (Doesn't even compare to BLZ imo) is that they suddenly surge and surge hard!