Nice gains here... are you aware of this one? Do yer DD...
GLXI at .20 - .25
Posted by: neilhk
In reply to: neilhk who wrote msg# 5907 Date:3/8/2007 6:27:04 AM
Post #of 6027
Company Valuation Comparison: Uranium Energy Corp: URME – OTCBB
Been looking at URME, for comparison purposes with GLXI. Have not gone into a lot of detail but many key points seem comparable.
If you check out the chart it has had a crazy year, Current share price $8.50 :)
• Started trading on OTCBB in February 2006.
• Fully reporting (but so will GLXI be soon) see last PR.
• Similar share structure, but larger float than GLXI (3.8 million float).
Authorized: 750,000,000 shares
Outstanding: 28,327,338 shares
Float: Less than 10 million (from a poster on URME Board)
• URME production will not start until 2009. GLXI much sooner (within month).
• URME has 12.9 million pounds of historic uranium resource. May have more once their surveys are completed.
Keep URME in mind for when we find out more about GLXI’s probable reserves of uranium, when the full geological report is published. We cannot really assess the true potential value of GLXI until this info becomes available (+ potential of biofuels/ ethanol side of our business needs to be factored in of course:)
Extract from their website:
“UEC has acquired over 19,000 acres of property in six US states, containing 12.9 million pounds of historic uranium resources, with potential targets of 30.5 million pounds in additional resources being identified by the Company’s exploration databases. The Company’s foundation asset, located in Goliad County, Texas, has 5.2 million pounds of historically drill-indicated ISR-amenable uranium resources. This historical resource demonstrates potential to increase to over 15 million pounds. Development drilling and ISL mine permitting are ongoing with a view to commencement of ISR uranium production in 2009.”
GLTA
AI
