NGM will need to raise capital if I am not wrong. Probably a SPP.
But 38 million lbs at AUS$6 per pound = $228 million.
Raise another $10M at 20 cents is 250m shares on issue.
Thus 38 million lbs is worth $1 a share.
And to think I sold 20K shares at 8 cents.
exploration target 35-80m lbs u3o8 to 30m deep, page-10
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