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EUROPEAN URANIUM RESOURCES LTD V.EUU

"European Uranium Resources Ltd is engaged in the identification, acquisition, exploration and, if warranted, development of mineral resource projects. Its projects are Kuriskova Uranium Deposit and Novoveska Huta uranium deposit."


TSXV:EUU - Post by User

Comment by Itsagusheron Jan 14, 2015 10:58am
101 Views
Post# 23317896

RE:RE:RE:RE:RE:RE:On the move at last

RE:RE:RE:RE:RE:RE:On the move at lastOk some very simple maths then. FTE issued more stock today following a loan note conversion and now has 2.85 billion shares in issue. The current mid price is 0.21 pence in the UK which gives a market capitalisation (pre resource upgrade) of £5.9m. That equates to $10.7m. Divide that by the 65.9m EUU shares in issue and you get a price of 16.2 cents. Now to be fair FTE has other assets in Africa, but I don't think the market gives much for them as exploration has been halted and now the area is over run with the Ebola virus. They also have very low grades compared to the Slovakian assets and don't forget that FTE has to meet all the exploration expenditure in Slovakia too. So I would say this stock has to ten bag just to catch up with where FTE is currently valued. The gap is likely to be a lot bigger post the update, so I hope that helps demonstrate how massively under valued EUU is. Wait until tomorrow and there's likely to be a large gap up once the market makers cotton on though.
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