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Very welcome news!.....now what value is it worth if our percentage is sold? GLALTH
Well that's a Brucey Bonus while we wait for RTO news đź‘Ť
The more I read this RNS the more excited I get.....this is huge news IMO
I don't think the penny's dropped yet Sub, clearly we no longer want our stake so what's it worth?
10% = c$25m at full retail?
Current Mcap of £2.7m 🤔
https://www.share-talk.com/metalnrg-plc-lonmnrg-update-on-kyrgyzstan-uranium-project/
I got the same figures.... Obviously production costs have increased slightly. However I think a good deal will be in excess of $20M.
Before any RTO talk... Serious upside to be had here
Indeed, market hasn't woken up to this. Should have doubled + on this news imo. Massive.
From the Sharetalk link below...
MetalNRG has a significant interest in the Kamushanovskoye Uranium Deposit (9.9% stake in IMC, with an option to increase that interest), a uranium clean up project in the Kyrgyz Republic, with low CAPEX requirements.
The State Reserve Committee of Kyrgyzstan had previously granted an application for a mining licence in January 2019 (the “Mining Licence”) for 3,371.1 tonnes uranium reserves (8.731 million lbs uranium 308) which had an in-situ value of approximately US$253.1 million at uranium spot prices on that date. The uranium price has since increased fourfold from approximately US$22/lb to approximately US$86/lb.
The Project offers a potential exploration upside of an additional 2.58 million lb of uranium from a partially explored zone, plus as yet untested prospective ground.
MetalNRG’s internally estimated NPV of the Project is approximately US$250m (based on current prices of US$91/lb for U3O8). The figure is subject to revision after the reversal of the uranium ban comes into force.
CAPEX/OPEX, is around US$11 million
"Hi Mr Market, we've just found out that we own ~10% of something worth over $250M that we valued at ÂŁ0 our market cap is ÂŁ2.7M." Mr Market responds with 35% uplift. Ha!
Well said Mikey, and a few selling chunky amounts when they should be topping up.
Not gonna lie, I had my finger on the 'slice button' this morning then took my own advise and sat on my hands.
This has got 1p near term written all over it imo.
As soon as I buy it drops but fundamentals look good
Not surprised, looks like a crap company.
Ambitious
Price edged down slightly as someone just sold 2x 5m shares, probably taking some profit off the table. Each to their own.
Interesting to see how the price still holding pretty steady though. My guess is any drop is being bought into so MMs trying to bore some into selling. We'll see...tick tock
Which bit looks crap? The potential main market RTO or the Uranium project?
Coming from the one ramping GDR, 8p to 1.5p within 3 months.
Just can’t work out why’s there’s a disconnect from todays RNS and value to the SP of just over £2M?
It's because value needs to be realised and clearly the market doesn't think the BOD is able to realise it. Even if they sold for a fraction of the NPV it's multiples. Not even considering a potential RTO.
Spreadex have 100 million to clear......maybe this is holding us back but once cleared we may get a whoooooosssshhh....
I bought abit more earlier and will hold out and see what happens with this one
Same, another top up for me. Still so so so so cheap!
Rolf….. that’s the problem , akways was always will be
Talking of Rolf, agreed, he's no Alan Sugar, but as he said today...
"market still not getting it, fuller picture will be an eye opener!!"
https://x.com/RolfGerri/status/1802710867454132531?t=Glaz1Sh9TwE8bMBe7bisJg&s=19
Fortunate or not, this Uranium policy reversal has landed in our laps and should/could be a game changer.
We were trading at 0.18p last week without this?!
It is massive news and agree not fully digested yet. This sort of low capex project does not come along too often. At the right price it shouldn't take much to flog it and reduce dilution on an RTO. Then we really will see some rockets.