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Goviex Uranium Inc V.GXU

Alternate Symbol(s):  GVXXF

GoviEx Uranium Inc. is a Canada-based mineral resource company. The Company is focused on exploring and developing its 100%-owned Muntanga uranium project in Zambia. The Muntanga Project comprises three mining licenses and three exploration licenses with a total combined area of 1,225.9 square kilometers (km2). The three mining licenses include Muntanga, Dibbwi and Chirundu, encompassing 720.5 km2. The Chirundu mining license, which includes the Njame (north and south) and Gwabi uranium deposits, as well as the Kariba Valley (Chisebuka) exploration license. The Muntanga Project contains Measured and Indicated Mineral Resources of approximately 42.6 million tonnes at an average grade of 359 ppm U3O8, containing 33.7 million pounds of U3O8, and an Inferred Mineral Resource of 15.0 million tonnes at an average grade of 330 ppm U3O8, containing 10.9 million pounds of U3O8 in five deposits (Muntanga, Dibbwi East, Dibbwi, Gwabi, and Njame), located over 65 km strike.


TSXV:GXU - Post by User

Bullboard Posts
Post by carinthianon Jul 28, 2014 9:10am
141 Views
Post# 22786503

Hm...

Hm...
at $2 this is valued around 300mio which is a lot given that the NPV of their project with a PEA is something aorun 250mio but with uranium at $70.

Something I will put on my watchlist as Toshiba and Cameco are connected to this but the price tag is a hefty one.

Next point is that 5mio cash are not that much to push thorugh a DFS so another financing might be due sometime within the next 12 month...

At a dime I for sure would add some shares but I guess that the one of the 2 mentioned above would step in and take the company out at a higher price given that there is a nice resource and both have the time and the money to wait.

Just my personal thoughts. DYODD
carinthian
Bullboard Posts