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Gold/Mining/Energy : Uranium Stocks

URNM 74.38

+5.4%

Jan 21 4:00 PM EST

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To: AuBug who wrote (9229)	3/16/2007 3:15:27 PM
From: energy_investor	Read Replies (1) of 30345

DJ, I too am confused by the reference in the WUC presentation to the Aurora holdings in the McDermitt Caldera. I am not sure if Aurora has any holdings near to WUC -- but perhaps someone who is better informed can shed light on this. One thing is clear -- the WUC presentation grossly understates the Aurora total UR assets. According to the Sprott investor presentation (which someone kindly posted on this list earlier this year), Aurora has measured and indicated of 58MMLbs plus inferred of 38MMLbs for a total of 96MM lbs. Moreover, Sprott believes that the further drilling this year could lead to total of over 150MM lbs. On this basis, they felt that AUX was undervalued and ripe for a nice increase this year. You are very right about the price of WUC being cheap! Also, WUC is more of an advanced exploration company than a junior because it has got the goods already -- this could well make it appealing as a take over candidate. Cheers Energy_Investor

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