-----uranium----- front pg afr today!

  1. 1,452 Posts.
    what do people think of todays article? will the three mine policy be reviewed soon? if so, is it time to look at companies like SCX??? with a market cap of $1M, assets of $5M, a 32 year history, and 5% of one of this countries larger uranium deposits (and looking to increase its holding!) SCX cant hibernate forever.

    SCX has-

    * an interest in ten uranium exploration licences in the northern territory with a proven uranium/vanadium resource, and the company has “expressed its interest in increasing its holding in the area” this quarter!

    AND

    * a copper and nickel project in the northern territory.

    AND

    * a group 1 and 2 minerals exploration licence in NSW.

    AND

    * gold exploration projects in victoria, namibia and the philippines.

    AND

    * a diamond exploration subsidiary which the company has been seeking to float on the ASX.

    AND

    * a market capitalization of under $1 million dollars.

    AND

    * investments in 3 other ASX listed companies (a biotech, oil explorer and venture capital company), worth $1.2 million at current prices.

    AND

    * a mortgage worth $3.7 million over land in fiji. the company adds that “the recent increased number of enquiries regarding the properties indicate that it is an opportune time to take steps to develop the land.”



    BY MY CALCS, $1M CAP V $5M ASSETS. THIS DOG WILL HAVE ITS DAY!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.