Latitude Uranium Inc C.LUR

Latitude Uranium Inc., formerly Labrador Uranium Inc., is a Canada-based exploration company. The Company is engaged in the exploration and development of two district-scale uranium projects in Canada. Its primary focus is expanding the Angilak resource base. Its Angilak project is located in southern Nunavut and covers approximately 68,552 hectares (ha) with a property that is over 40 kilometers (km) long by 20 km wide. It is also advancing the Central Mineral Belt (CMB) Project, which is situated in the prolific Central Mineral Belt in central Labrador adjacent to the Michelin Deposit, with numerous occurrences of uranium, copper and potential Iron oxide copper gold ore deposits (IOCG) style mineralization. It covers approximately 152,825 ha in the prolific CMB in Labrador, including the Moran Lake Project, the Anna Lake Deposit and the Mustang Lake Project. The Anna Lake Deposit is located over 35 km southwest of Postville, and 15 km northwest of the Michelin deposit.

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Latitude Uranium Inc > LUR undervalued ?

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Comment by andre171on Jul 10, 2023 6:50am

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RE:RE:LUR undervalued ?

Let's hope that Thursday's webinar will provide us with the information we need to better assess the Angilak and CMB projects. On volumes, we're currently at 53M pounds and it would seem dangerous to base an assessment on 100M, which is still only a hope. A resource update is not imminent (we still need to drill 6,000m in 2023 and 20,000m in 2024)! On the other hand, at what price can each pound in the ground be valorized? In a video, the CEO gave a conservative estimate of $1.5/pound.

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