Peter,some basics:66m on issue, at 20c, MC = 13.2mcash 4.2mEV =...

Peter,

some basics:

66m on issue, at 20c, MC = 13.2m

cash 4.2m

EV = 9m

owns drilling & logging equipment

contained U of 2100t.

For a good comparison, check another SA (South Aus) U ISR(In-situ) miner to be. USA

almost doubled recently, USA re-rating will pass off on CUY. both in SA, both ISR

USA 10000t contained U, grades roughly the same 275ppm, looking to produce 100t pa

CUY 2000t for Oban, considerable scope to increase resource,, I think drilling is happening atm also? looking to produce 200t pa

ISR is very cheap, from memory

CAPEX is only 8-9m for a 100t pa operation

OPEX is cheap, as low as $20/lb, selling for $60 spot, U LT prospects aalso look good


so CUY is in an excellent position given 9m EV

re-rating news:

testing of U recoveries. If this is good, one major hurdle of mining is then removed.

organise financing with parties once u recoveries confirmed

further drilling to increase resource.

also given the expertise behind HAV

I think she is a no brainer.