3 to 5 bucks in next 12 months just on their uranium storyFolks, I'm hearing that financings will happen over a buck. Moreover they may issue some debt to pay for this aquisition.
they currently have 20 mil shares out and also around 6 mil warrents around 40 cents which will for sure be exercised pushing shares out to 26 mil but also giving them around 2.5 mil bucks. Btw those warrents are all with insiders and friends and family
They owe 12 mil to uuu and use but the beauty of the deal is it doesn't have to be paid now!
For uuu...1 mil at closing. 2 mil at start of production or in 5 years, the other 2 mil 24 months after production or 7 years!
For use...2.5 now but held in escrow for 3 years! The next 2.5 mil 18 months after production, then 2.5 36 months after production!
they only need to issue 3.5 mil bucks of stock at closing! If stock is at a buck that's only 3.5 mil shares! They will then only have 30 mil shares out, 2 mil in the bank, own one of 3 operating mills, 7 mil pounds of uranium, and the biggest uranium land positions in the US!
They will prob need 10 mil or so to get to production but I'm hearing they have bankers ready to do a debt deal. Why wouldn't they? 2 years after production they will be making 10 mil a year min, if uranium prices go up even better!
They will be valued like efr... 150 mil mkt cap. With 30 mil shares out you do the math.
within the year they will spin the copper play out. A year after production someone will buy them out over 5 bucks