50 mln pounds uraniumLet me start by telling you that I am an investor in CXX and this is by no means a pump and dump nor am I trying to spam. Have a minute and read this story.
I´ve been reading on this BB about CXX might prove 90 mln pounds. Current market cap is around $250 mln. I know a still undiscovered gem that has a $33 mln market cap and about 50 mln pounds in the ground together with its jv partner. Sounds interesting?
More details
- location Peru, Mascusani, largest landholder
- jv partner pays for the drilling
- near surface uranium
- 60 uranium targets, 4 drilled
- 8 to be drilled next year : expected excess of 50 mln pound uranium
- leachable, 97.6 recoverable
- all/in cost only us $12/pound
- 2 other copper silver lead zinc company making properties
Name? Solex Resource Corp. (SOX)
Name of the JV partner : Frontier Pacific Mining Corp (FRP)
- additional more than 1 mln oz of gold
- market cap only $69 mln
Both look like bargains to me but please do your own DD
Regards.