60m + 45m 20c 30/6/08 Options
Mkt Cap @ 15c = $9m
Mkt Cap @ 30c = $31m (Includes $9m worth of options)
Mkt Cap @ 45c = $47m (Includes $9m worth of options)
$2m + $800k over this year from the royalty of gold production as well as $9m from opies
Gum Well Uranium, 100%, W.A.
To the West of Lake Raeside/ Peninsula Deposit (Inferred JORC 7Mt@0.035% U)
Previous exploration yielded assays of 0.01%-0.02% U as well as 0.05%-0.16% U
Other Uranium 100%, W.A.
Some other very early stage licences
I took a small punt primarily because the Gum Well licence is ready to begin drilling, it is to the west of a substantial Uranium deposit and previous work has shown the Uranium channel continues into Gum Well,
Due Dilligence should be finished very shortly, after which I expect immediate work to start
Very very high risk spec play