RE:RE:RE:RE:RE:This is very undervalued
Looking at UUUU presentation I don't see where they can draw ore from to get WMM up to 50% production. 2% mill capacity for REE won't do the trick. UUUU sold some non core assets with milling agreements but these were non core assets so probably not likely to be able to get into production for years. What if uranium price is $60 in six months time, where will the ore come from to fill up the mill? The presentation doesn't seem to indicate that any of the conventional mines they are holding are ready to produce again for several years. Ok process the tailings inventory but what then? wait for several years to get a mine into production and miss perhaps half the move?
Likewise Global Atomic won't be in production till 2024 at the earliest.
So WSTRF sitting on over $10 million in cash and in the money warrants with say $1 million a year in oil/gas royalties seems to be in a good place. I don't think UUUU has anywhere else to go to get the ore. So WSTRF should apply to Utah to ablate the ore and ship by rail to a port for export to China. Just file the application now.