Mega Uranium Discount to Equity Positions Rises to 36%With Nexgen Energy up 5% today and Mega Uranium down 6%, you can now purchase Mega Uranium for a 36% discount to the equity positions they own in NEX and TOE. I think we will see a re-rating in the days ahead as the market realized this discrepancy and opportunity.
ALX Uranium and CanAlaska Uranium are two other plays that I believe are undervalued and offering investors excellent entry points. But MGA at a 36% discount and assigning zero value to Ben Lomond, Georgetown or their 30% interest in Kintyre (with Cameco) is an absolute steal.
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