Share Name Share Symbol Market Type Share ISIN Share Description
Uru Metals LSE:URU London Ordinary Share VGG930041022 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -4.08% 1.175p 1.15p 1.20p 1.25p 1.175p 1.25p 19,087,799 16:29:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 0.0 0.0 0.0 - 9.15

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Date Time Title Posts
25/9/201717:34URU Metals - Uranium & Nickel exploration in Africa2,107
30/3/201708:39URU the value in the ground3
20/2/201611:32Has this company-
19/10/201518:14URU Metals - Is the tide turning?16
20/7/201506:28URU Metals - Is the tide turning?58

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Trade Time Trade Price Trade Size Trade Value Trade Type
2017-09-25 16:23:341.201,000,00112,000.01OK
2017-09-25 16:23:221.201,149,97413,799.69OK
2017-09-25 16:23:141.201,000,00212,000.02OK
2017-09-25 16:06:371.18200,0002,350.00O
2017-09-25 15:33:231.241,000,00012,350.00OK
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DateSubject
25/9/2017
09:20
Niger Uranium Daily Update: Uru Metals is listed in the Industrial Metals sector of the London Stock Exchange with ticker URU. The last closing price for Niger Uranium was 1.23p.
Uru Metals has a 4 week average price of 1.08p and a 12 week average price of 1.03p.
The 1 year high share price is 4.38p while the 1 year low share price is currently 0.30p.
There are currently 778,571,488 shares in issue and the average daily traded volume is 29,961,695 shares. The market capitalisation of Uru Metals is £9,148,214.98.
21/9/2017
23:00
jlondon: URU Metals on AIM. Share price 1.275p -16.39%, Mkt Cap £9.95m. To sum up the situ since the RNS, 20 Aug 2017, Acrowth on LSE at 21:48, 21 Sep 2017 stated: "..think the issue is the discrepancy over the results. Some say they were fantastic, some say they were terrible.." MINESITE PRESENTATION 5 Dec 2013 www.urumetals.com/investor-relations/presentations-and-webcasts Zebediela Drilling Results 2 historical holes U01-2 with grades 0.26% & 0.27% Then Z1-16 [16 holes] with grades 0.17%-0.28%. In total 18 holes. I added all the grades and divided by 18=0.23% average. April 2017 Presentation-"Developing a World Class Development" [same link] "Resource NI43-101 compliant Indicated Resource of 485.4 Mt at a grade of 0.25% Ni [Nickel] with additional Inferred Resources of 1.115 Billion[1,115Mt] at a grade of 0.248% Ni. PEA completed taking advanctage of new & processing technologies." "GLOBAL NICKEL PRODUCERS-On commencement of production Zebediela will be the 12TH BIGGEST NICKEL MINE IN THE WORLD and with expansion initiatives it has the potential to become the WORLD*S TOP 10." From both these said presentations it was mentioned that it is a HIGH TONNAGE project akin to copper porphyries. Comment: It appears that when a nickel project is potentially ranked as No12 going on to No10, it may be GLOBALLY SIGNIFICANT ie Top 10. Wood MacKenzie that does work for investment banks and major mining co*s has covered this project. Google: "Zebediela Nickel Project- Wood MacKenzie- covers 2 files"] Mackenzie: "Our analysts are based in the market they analyse, working with high quality proprietary cost data bases and COST curve analyses ...our database covers over 2,450 ASSET ANALYSES covering MORE THAN 1,000 CO*S WORLDWIDE." So when the RNS results came out from recent drills of Zebedelia coming in at 0.42% Nickel and 0.15% Copper + PGE 3+AU arose a situ wherein compared with Ivanplat-Ivanhoe*s Platreef [immediately adjacent] was much better [see earlier post]. Beaufort commented that they were not surprised as it was a PGE area. So, the GRADE was almost DOUBLE, ADDED with now PGE 3+Au could be look at in a positive way ie credits? So what happened? On reading one noted that where 1 comment said project "not commercial at these p r i c e s " became "g r a d e s not commercial." Hence, the confusion in the word price and not grades? Leaching results are awaited plus other data so it appears to be early days wherein even a cost curve report has not been updated yet bearing in mind ,that in addition to the US$1 billion NPV@8% [Ivanplat Platreef NPV@8% $920m region] there is still $370 million from the more surface magnetite. As for prices please Google: "NICKEL MINERS EAGER TO MEET ELECTRIC VEHICLE DEMAND"-Nickel Investing News, Sep 11, 2017. Quote: "Wood Mackenzie recently envisaged an incentive price for new nickel production WELL ABOVE US$20,000 a tonne noting reports from Indonesian producers indicate that they will n o t restart operations until prices rose ABOVE $30,000. He believes overall the effects of the electric vehicle demand arent being felt in the nickel market y e t and thinks SUPPLY will TIGHTEN IN THE FUTURE. Morgan Stanley estimates that by 2050, 81% of a l l new vehicles will be electric cars." "The lithium ion battery b o o m is expected to increase the n e e d for nickel and NICKEL FOCUSED co*s continue to PREPARE TO MEET THAT DEMAND." DAILY MAIL: "Small cap shares idea: Nickel and share help URU Metals to..." [2014]Google this title to read. It was said that when the co owned only 50% of Zebediela from recall, they were given offers. Chairman then also mentioned that at $14-$20k+ per tonne for nickel, assets like this sold for $200-$500 million. [Para phrased] [Please check as there can be typo errors etc] P.S. Northland Capital today released a Corporate Rating "RE-ITERATION." Thur, 21 Sep 2017
01/8/2017
09:32
mike_f: Morning hd, I partly put that down to fat fingers and partly down to predictive text! LolIt does very much feel like the seller is done/very nearly done and with news due on a couple of fronts and Nickel rising, the share price could be gearing up for an impressive rise back up.Very illiquid at the moment, half decent sized buys are moving the share price one way or the other, on a big volume day this could "soar" ;)
08/3/2017
14:43
lowflow: I think the stock is going down as investors are starting to realize that URU way of raising cash at a "premium" reminds a lot of what CloudTag did to push their share price. Than CloudTag tried to raise a lot of capital when the stock had peaked. We all know what happen....share suspension etc.. Anyone who can read an annual report will see that there is no fundamental valuation support for the current share price in URU.
13/10/2013
23:59
treacle32: - Significant Oil Play now added to large Uranium assets (game changer) Narke Asset - 2nd October 2013 RNS. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after 2nd October 2013 news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - There is significant latent value in URU which has yet to be fully factored into the share price. - We initiate with a Speculative Buy recommendation and a 4.5p price target. http://www.urumetals.com/ http://www.urumetals.com/investor-relations/market-news-and-research/wh-ireland-initiates-research-on-uru-metals-23-june-2013 132,776,722 Ordinary Shares Shareholder % of shares held NWT Uranium (Niketo) 37.49% Global Hydrocarbons 12.80% Hargreave Hale 8.34% Pension Financial Services 5.60%
13/10/2013
22:47
treacle32: - Significant Oil Play now added to large Uranium assets (game changer) Narke Asset - 2nd October 2013 RNS. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after 2nd October 2013 news) imo further coverage should follow. - URU has cash in hand to advance its projects over the course of 2013 and into 2014 and can already demonstrate significant progress to its shareholders as it spreads commodity and geopolitical risk into new projects. - We initiate with a Speculative Buy recommendation and a 4.5p price target. http://www.urumetals.com/ 132,776,722 Ordinary Shares Shareholder % of shares held NWT Uranium (Niketo) 37.49% Global Hydrocarbons 12.80% Hargreave Hale 8.34% Pension Financial Services 5.60%
12/10/2013
19:54
treacle32: WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
03/10/2013
20:12
treacle32: Never listen to bulletin board posters and do my own research. All these are facts from the house broker so who better informed than some tosspot bulletin board poster with their own agenda. These notes are without yesterday's fantastic news on the Oil side of things and hence imo URU is worth hell of a alot more than 4.50p now and even at 4.50p Zebediela wasn't factored in. IMO URU is worth at least 10p now and a 13m mkt cap. See how much Zebediala could be worth 32.50p a share on its own. No wonder MMs imo mopped up all the retail sells today & gave them all big premiums whereas we saw 2 larger buys which aren't common especially the £10,600 buy. Speculative Buy Price 2.1p Target Price 4.5p We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value. - Excellent opportunity at Nueltin – URU earning an option from Cameco on a gold-uranium mineralisation with, in our opinion, significant potential - We see Niger as a non core area for URU. Security situation not ideal and URU may well choose to JV its properties – after developing some very good drill targets. We believe URU may well have a choice of partners. - URU has cash to advance its Nueltin project and complete early reconnaissance over the Narke licence. URU has the potential to advance understanding of these projects and drive the share price. - Catalysts for a short-term increase in share price: Successful field season at Nueltin and a result in the SAN arbitration. - We emphasize the upside potential in the SAN project – the Zebediela project is large scale and potentially rewarding. - We value the risked potential of URUs share of Zebediela at US$111 million or 32.5p/share. Bringing in a major partner and diluting URU would still leave plenty of value in the project for the company. - Narke – early stage and a technology dependent. Too early to imagine any upside from this project yet (after yesterday's news) imo further coverage should follow. - We initiate with a Speculative Buy recommendation and a 4.5p price target.
02/10/2013
18:31
treacle32: Bashers always try to hide posts on any positives and on good companies. WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
02/10/2013
17:04
treacle32: WH Ireland Initiates Research on URU Metals Speculative Buy Price 2.1p Target Price 4.5p URU Metals*# Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldwork in 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value.
29/8/2013
18:08
cyprussteve: Hi guys, Apologies if this has been posted before, but, if it has, it may be of interest to those looking at the board for the first time. Below is copy of the brokers note from W H Ireland, dated 24 June 2013, giving an initial target price of 4.5p, which personally I feel is on the low side, but, equally I accept is to be better to be cautious rather than make wildly optimistic forecasts. hxxp://www.urumetals.com/investor-relations/market-news-and-research Please substitute "tt" for "xx" for the link on advfn, and download the WH Ireland report. "Initiation of Coverage We today initiate our coverage of URU Metals (AIM: "URU"). URU has a series of exploration properties spanning a wide range of commodities across several countries, with a principal short-term focus on gold, uranium and nickel. Fieldworkin 2013 will take place on the Nueltin project in Canada where URU is earning a 51% stake from Cameco (TSX: "CCO") – this largely forgotten project has had several interesting drill intercepts including 9g/t over 6.0m and 0.22% U3O8 over 2.3m (not true thickness). URU will focus on understanding the style and extent of any mineralisation on several pre-existing targets. In Sweden, URU is evaluating the oiluranium potential of its new Narke licences in the Alum Shale. In Africa, URU has two projects – Uranium exploration in Niger (currently on hold) and the large Zebediela nickel project in South Africa (currently awaiting the results of an arbitration decision between two partners). All projects have the potential to drive value in URU with the focus in 2013 on Nueltin in Canada. We initiate with a Speculative Buy recommendation and a share price target of 4.5p. URU has four exploration projects in four countries with a spread of commodity and geopolitical risk. In the short term, URU will concentrate drilling efforts on its Nueltin Project (gold-uranium) in Canada (URU earning a 51% interest currently) and early reconnaissance work on the Narke Project in Sweden (uranium-oil) where URU has a 100% stake. While there has been some success in delineating prospective targets for sandstone-hosted uranium mineralisation in URU's licences in Niger, the projects are currently on hold. We feel that URU might try and Joint Venture these projects (URU owns 100%) with one of the operating companies in Niger to advance the projects while keeping a stake. The security situation in Niger is not improving and is unlikely to improve over the short term. A binding arbitration process is taking place on the Zebediela project in South Africa between URU's partners – URU is insulated from the process. If the court finds in favour of the status quo then URU will retain its 33% stake, otherwise it will have the money it has spent returned to it – money it could then use on its other projects. The deposit is a large, low-grade nickel deposit upon which a Preliminary Economic Assessment has been completed. The project has the potential to be a large producer of nickel concentrate from the defined sulphide resource. A 25 year mine-life from the Indicated Resource (JORC compliant) has shown it is possible to produce up to 25kt/yr Ni at a low operating cost. The capital component of a project this size is likely beyond a small company like URU and its partners, but they have options; either selling it on to a major company or getting in a large stakeholder. Both options would be of significant value to URU and we do not include any of the potential upside from Zebediela in our valuation at the present time. We initiate today with a Speculative Buy recommendation and a risked target price of 4.5p. There is significant latent value in URU which has yet to be fully factored into the share price. Short-term drivers for the share price are the summer field season at Nueltin in Canada, and a result of the arbitration process over the Zebediela project in South Africa. Over the medium term we expect news from Niger and Sweden to drive further significant increases in value." Also Minesite article below : http://minesite.com/news/uru-goes-hunting-in-swedens-alum-shales-for-oil-uranium-and-a-whole-host-of-other-metals
Niger Uranium share price data is direct from the London Stock Exchange
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