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Ur-Energy Inc T.URE

Alternate Symbol(s):  URG

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.


TSX:URE - Post by User

Bullboard Posts
Post by foampirateon Sep 16, 2008 11:44pm
539 Views
Post# 15461409

Rational

RationalI know the markets are not behaving rational... but for those that still want to here are some numbers. At the end of April the company said that it had C$75 million. At the end of July they said they had C$70 million. That gives the company a cash burn during that period of C$1.67 million per month. Now assume that the company based on that same burn rate will have C$66.67 milion at the end of September. If the company also has 93.24 million shares outstanding then the absolute cash value of the company at the end of the month should C$0.715 per share. Since we are currently at C$0.81 I see stink bids as close to C$0.70 as you can get to be a great value... since you get equal cash... and this  little U3O8 asset they waste their time with. J/K. Very hard to lose at these values. 
Bullboard Posts

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