uranuim discovery friday. hot stock monday........

How I see it-

EME has a fully diluted market cap of about $100,000,000. ..

(36,500,000 shares, escrowed shares + options)

11.4M lbs of U3O8 at current market prices is worth about AU$900,000,000.

Of which EME owns 53.3% = AU$480,000,000

So EME is trading at about 21% of the in ground value of its share of the Bigrlyi resource.

On the other hand, SCX has a fully diluted market cap of $4,000,000.

Take from that liquid investments in ASX listed companies and SCX's share of Bigrlyi as perceived by the market is about $3,000,000.

And SCX owns 5% of $900,000,000 = $45,000,000.

So SCX is trading at about 7% of the in ground value of its share of the Bigrlyi resource.

By my calculations, SCX should be trading at about 18c to be on par with EME.

So there could be a little catching up to do... especially if EME keeps rising next week!!!

SCX by far the cheaper option and best bet in my opinion! Once the market starts to realise the value of Bigrlyi I would not be surprised if SCX was trading closer to 20c.