55m +25m 20c 30/6/08 Options
Mkt Cap @ 15c = $8m
Mkt Cap @ 30c = $24m
Mkt Cap @ 45c = $36m
$1m + $5m from opies
Avon JV Uranium, 50% JV with Quasar/heathgate Resources, W.A.
Some very large land holdings, but so far only very low grade U samples ie 0.01% returned, but the interesting thing here is why have Heathgate/Quasar done a JV here, do they see something they like?
Lake Noondie Uranium 100%, W.A.
A few licences, drilling so far hasn't found anything
I took a small punt primarily because of the JV presence of Quasar/Heathgate, the only other JV I know of involving Heathgate/Quasar is with AGS and thats gone from 5c to over $2.
Very very high risk spec play