Vanadian Energy Corp V.VEC.H

Alternate Symbol(s): URCFF

Metals & Mining Industrial Metals & Minerals

Vanadian Energy Corp. is a Canada-based exploration company focused on exploring for vanadium deposits in Manitoba. The Company has the right to earn up to 100% interest in the Huzyk Creek Vanadium Property (the Property) in north-central Manitoba. The Property is located approximately 75 kilometers southeast of the town of Snow Lake, Manitoba, and consists of a Mineral Exploration License covering approximately 216 square kilometers. This area has seen significant exploration for base metal mineralization as it lies within the projected extension of both the Flin Flon/Snow Lake belt and the Thompson Nickel Belt.

TSXV:VEC.H - Post by User

Vanadian Energy Corp

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Comment by metalslugon Mar 30, 2010 12:17pm

259 Views

Post# 16939703

RE: RE: Undervalued, initial target $1.50

"Based on your model...I mean Octagon's model.....every exploration company that had a proven reserve should be trading at 5X current sp."

Not quite true.. some companies are obviously trading well above the average in their model... i.e they are overvalued.. companies like UEX Corp, Deep Yellow, Extract Resources, Summit Resources, Hathor Exploration, JNR Resources...

Fact is that URC is the most undervalued uranium junior on the TSX/V with a significant recource along with BYU. MAW and CZQ are exploring in a country which has had a ban on uranium mining since long and that's not going to change.

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