Western Uranium & Vanadium Corp C.WUC

Alternate Symbol(s): WSTRF

Energy

Western Uranium & Vanadium Corp. is engaged in the acquisition and development of uranium and vanadium resource properties in the states of Utah and Colorado in the United States of America. Its projects include Sunday Mine Complex, San Rafael, Sage, and Hansen/Taylor Ranch. The Sunday Mine Complex is located in western San Miguel County, Colorado, United States. The San Rafael Uranium Project is located in Emery County, Utah, and forms a single contiguous claim block covered by 146 unpatented federal lode mining claims. The Sage Mine project is located in San Juan County, Utah, and San Miguel County, Colorado USA. It consists of 94 unpatented claims covering approximately 1,942 acres. The Hansen/Taylor Ranch Uranium Project encompasses more than 13,500 acres. The Project is located approximately 150 kilometres southwest of Denver in the Tallahassee Creek District of Colorado. It also holds interest in 900-acre property located in Montrose County, Colorado.

CSE:WUC - Post by User

Western Uranium & Vanadium Corp > This is very undervalued

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Comment by 2b7f6fabon Jul 27, 2021 12:25pm

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Post# 33610456

RE:RE:RE:RE:This is very undervalued

Thanks for your reply Wever1974. Just wondering how you calculate the O&G Royalties? Here's my analysis- JR from the other board mentioned months ago he thought the net revenues subject to the royalties from each well would run about $28 million per year. I haven't bothered to do my own calc on the net revenue per well but instead just using his net revenue number $28 x 3/16 x 5% x 24wells /3. =$2,100,000. net to WSTRF.

3/16 is the royalty rate
5% for the 160 acres participation
24 wells total
1/3 to WSTRF and 2/3 to plaintiffs as indicated in the January 6 news release.

If you believe my calculations are wrong please show me how.

thanks,

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