Uru Metals Share Discussion Threads

[ned] 19/4/2014 11:14

mart12345
Good thoughts worth posting. Let's hope they can make something of the prospects.

[mart12345] 19/4/2014 10:48

Stockonomist - Uranium may be falling but it will not stay this low for too much longer if you trust what several informed mining veterans say about the supply and demand characteristics. Russian stockpiles depleting, Japan utilising uranium again, cost of production higher than current price - very little new supply being added therefore. This low price is not sustainable.
Btw URU has Nickel, oil and Uranium - Nickel has been recovering nicely of late.

URU may not have bulging bank balance, but then it could double it's shares in issue, subsequently have plenty of cash, and still only have a tiny Mkcap of circa £5m. Alternatively it could sell it's main Nickel project (NPV circa $1b for only 1/3 of material in ground, lowest cost quartile producer expected, Sulphide resource (not laterite), infrastructure running through project, adjacent to Platreef project) for £???????? (one would think a very large figure, which could dwarf it's market cap), leaving it with another nickel project and two other highly interesting properties.

webcast below worth listening to (IN ITS ENTIRETY)if not already viewed.



This is obviously not a stock for widows or orphans, it is risky due to it's small size etc, but it has been a going concern for a long time in various guises and has some very exciting projects, with quantifiable world class resource in good jurisdictions. What more do you want from an AIM micro stock - blue sky potential often carries risk (risk/reward rule).

For disclosure I have a holding, but it is sub 100,000 shares - so not at all material. I am not a wealthy person, I spread my money to limit loss as there are other stocks I also like. FYI.

Do your own research all before investing, no advice intended, just my thoughts.

[stockonomist] 18/4/2014 12:36

LOL at the lying conman Treetard

[mart12345] 18/4/2014 10:01

I have posted this on the other URU message thread but not on this one, so I'll post it here too and as a introduction for any new people looking at this company. I have also added a little extra info and thoughts.
The below webcast is a good place to start tbh - and needs to be listened to in full (it's worth it).



But here is a little about their 3 main projects:

The Zebediela project is a world class project with combined inferred and indicated resources of over 1.5 billion tonnes of nickel. The project is now not in arbitration and URU is gradually increasing stake up to 100% for small consideration. In the webcast link above at about approx 15mins 15 seconds in the presenter says this project once built will be in the top 11 in the world and explains all of it's merits - excellent infrastructure running through the property, continuity of grade, low cash cost (lowest quartile) etc. A NI 43-101 compliant Preliminary Economic Assessment ("PEA") was completed in 2012 showing indicated resources of 485.4 million tonnes averaging 0.245% nickel, and additional inferred resources of 1,115.1 million tonnes of 0.248% nickel.
It is located immediately adjacent to Ivanhoe mines(Canadian company)massive platreef platinum project.see below:



And now that URU are taking full 100% ownership they are allowed to look for PGM's, so this site may have potential for those given it's proximity to platreef project. Could possibly attract attention of Ivanhoe (who knows?).

The Zebediela Nickel Project is located in the Limpopo Province of South Africa.
The Zebediela Nickel Project is a large disseminated SULPHIDE resource (favoured over Laterite resources)with mining engineering aspects similar to porphyry copper deposits in terms of size and grade. The Zebediela Project also contains significant iron minerals in the form of magnetite that is also being investigated as a potential by-product but has not been included in any studies yet by the company.
The PEA considered the mining and milling of ONLY 500 million tonnes of mineralised material (about 1/3rd of the total material) in an open pit mine approximately 1700 m long by 880 m wide by 250 m deep. The proposed mining rate is 20 million tonnes per annum using a contractor mining fleet. The strip ratio was calculated to be 0.36:1.
Extensive work was conducted on the Zebediela deposit metallurgy indicating that 50% of the total contained nickel could be recovered into a high quality saleable nickel concentrate averaging 16% Ni. Start-up capital expenditures including contingencies and working capital are estimated to be $650 million and sustaining capital is estimated at $58 million over the life of the mine. Operating expenditures are estimated to be $3.35 per pound of recoverable nickel.
The PEA projects a pre-tax and pre-royalty NPV of $1,018 million, an internal rate of return of 25.7% and a 3.8 year payback period at an 8% discount rate using a nickel price of $8.50/lb and a ZAR/USD ratio of 8.1. Annual cash flow is projected to be $203 million.
'
Compare this project size and economics to Horizonte minerals in my opinion inferior project (see cash costs and size of resource etc) for example :



mkcap of URU = approx £2m, horizonte (HZM)= £25m

So even if there was a placing and dilution occurred the market cap would still be absolutely miniscule. I actually hope they might do a placing to give them more funds to carry out exploration work and increase news flow from their various projects.

As this Nickel project is so large and capex at start is high, I am hoping for a buy out or joint venture partner to be found. Can you imagine a buy out price for a project with a NPV of $1,018 million using only a third of the resource believed to be in ground. Makes for exciting thinking imo considering Mkcap of whole company is circa £2.5m.

The N rke Oil/ Uranium Project in Sweden which is 100 per cent owned by URU Metals. Oil shale uranium play. Potentially NUMBER 5 global uranium resource in the world, 500million barrels of oil potential. See 8mins 15 seconds in, on the webcast link at top of this post to hear about this project.

And finally the Nueltin Gold-Uranium Project in Canada. URU Metals has an exclusive option agreement with Cameco Corporation ("Cameco"), one of the world's largest uranium companies, to earn a majority interest in Nueltin Lake Gold-Uranium Project ('the Project"), in Canada.

I have compiled the above to hopefully highlight this company and help new people get a quick overview, as it is widely unknown imo.
As always do your own research and check the accuracy of the above before you make an investment decision. This does not constitute advice, merely information taken from various websites such as minesite.com, proactiveinvestors.com, and the companies own website and of course advfn news releases.

Let's see what Tuesday and the rest of next week holds.

[treacle32] 17/4/2014 17:20

Nice rise again today - 50% profit banked out Stocko.

[anslow] 17/4/2014 14:21

I think the spread is putting off people buying here, that will all change on the next news release. mm's seem to be holding on to there shares, I wonder why?

[888icb] 17/4/2014 13:43

Currently number 4 on the leader board and since Noon 2 trades at 2p and 1 at 2.04p. Volume still only 450000. It would be good to see it finish at 2p+

[anslow] 17/4/2014 11:29

Also nickel price booming forcasters predicting another 33% increase by year end thast massive for us because we have a world class nickel site and its all ours SCREAMING BUY at this price.

[anslow] 17/4/2014 11:19

Agree volume is everything here soon as we get some this will multi bag,only problem is when this moves it will be impossible to buy any volume that's why I have loaded up now.

[888icb] 17/4/2014 11:03

About 64% of the shares are held by 4 shareholders NWT Uranium being the largest at 37.6%. As a result of this as you can see today a volume of just over 300000 can move the share price 18%. If a few people get interested in buying here then the price can move quite dramatically.
Market cap only £2.54 million.

[knowing] 17/4/2014 10:25

Stockonomist 17 Apr'14 - 09:13 - 856 of 862 0 0

The only thing world class about this is the b.s.

LOL and we know where that originates

[stockonomist] 17/4/2014 10:24

They only had $800k cash at Half year end in September and annual losses of over $1m


Financial Highlights for the period:

· Total comprehensive loss reduced to US$242,000 (2012: US$5.7 million)
· Administrative expenses reduced to US$445,000 (2012: US$860,000)
· Net cash used in investing facilities increased to US$1.5million (2012: US$226,000)
· Basic Loss per share 0.012 cents (2012: 4.91 cents)

[stockonomist] 17/4/2014 10:21

placing on the way...

10th February 2014


URU Metals Limited

("URU" or "the Company")

Appointment of Joint Broker

URU Metals Limited (AIM: URU) is pleased to announce the appointment of Beaufort Securities Limited as Joint Broker with immediate effect.

[simonparker5] 17/4/2014 10:17

With TWO world class projects these should be trading a lot higher. At 2p they are only valued at just over £3m. There are many junior resource stocks out there trading at values of multiples of £3m with lessor projects and prospects.
This could be a real opportunity!

[bufala] 17/4/2014 10:11

Correction on the way

[anslow] 17/4/2014 09:42

Hard to get any volume buys today,time to stock up here this got screaming buy all over it.

[stockonomist] 17/4/2014 09:13

The only thing world class about this is the b.s.

[888icb] 17/4/2014 08:27

Market cap only £2.4 million so it can 4 bag and still be under £10 million.

[anslow] 17/4/2014 08:11

World class resources strong buy at this price could multi bag on the right news

[simonparker5] 17/4/2014 06:33

This would seem to have huge potential. The Proactive piece describes both their projects as world class or world leading. See below:-

On Friday, URU Metals announced the completion of 100% share acquisition of Umnex Minerals Limpopo (UML) owning the Zebediela Nickel Project in South Africa. In January 2014, URU had acquired an initial 49% stake in UML and issued the first tranche of 16.6 million new URU shares as consideration. With the purchase of remaining 51% stake in the UML, URU has now sought the consent from the Minister of Mineral Resources for change of control. The company would issue the second tranche of consideration shares of 16.6 million shares once the consent is obtained. The stock jumped 22.6% in yesterday's trade.

Our view: With completion of 100% share-purchase in UML, URU Metals has expanded its asset base to include the lucrative Zebediela Nickel Project. The project boasts of inferred and indicated resources of more than 1.5 billion tonnes (Bt) of nickel. A preliminary economic assessment of the project, in 2012, had revealed indicated resources of 485.4 million tonnes (Mt) at 0.245% grade nickel and inferred resources of 1,115.1 Mt at 0.248% grade nickel. The Närke Oil-Uranium project of the company has the potential to become one of the leading uranium producers globally. Given the Zebediela project's prospectivity and operational upside from other projects of the company, we issue a Speculative Buy rating.