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UR-Energy Inc. Message Board

mn_mayhem 9 posts  |  Last Activity: Mar 3, 2014 9:31 PM Member since: Mar 15, 2013
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  • mn_mayhem by mn_mayhem Mar 3, 2014 9:31 PM Flag

    Check it out. Very good results considering it is there first production run ever! Will only get better from here.

  • Reply to

    URZ vs URG updated from Dec 26 to Feb 14

    by deviateur Feb 14, 2014 10:30 AM
    mn_mayhem mn_mayhem Feb 14, 2014 2:07 PM Flag

    Good idea, stick your head in the sand.

    I can see your pretty convinced of your opinion. I can respect that, you are not the end all be all of comparative analysis, in the end it will be which company can produce from the ground they are working. Like I stated before I own both companies, and I hope they are both successful. Time will tell and I have zero problem having a thoughtful investing discussion. But someone who thinks they have everything figured out (from a distance) can be dangerous....I hope that is not you. Long URG, Long URZ.

  • Reply to

    Why would anybody choose URZ over URG

    by micduval Feb 13, 2014 1:14 PM
    mn_mayhem mn_mayhem Feb 14, 2014 11:57 AM Flag

    Jetty,

    I think that sums it up well, just wanted others thoughts. Thx.

  • Reply to

    URZ vs URG updated from Dec 26 to Feb 14

    by deviateur Feb 14, 2014 10:30 AM
    mn_mayhem mn_mayhem Feb 14, 2014 11:54 AM Flag

    OH boy,

    This is what I have been trying to get to the bottom of. Look at the Why would anyone chose URZ over URG posts. Dev and I have had a little back and forth. After you read our back and forth, this is my updated number compared to Dev.

    URG Lost Creek resources 8.65 million M&I + 4.74 million inferred. URZ's resources 7.9 million M&I + 3.31 million inferred. URZ has 74% (6.4 million pounds) more high quality reserves, but 30% (1.4 million pounds) fewer low quality reserves. $135.6 million market cap/7.9 million pounds = $17/pound measured and indicated vs $173.9 million market cap/8.65 million pounds = $20.1/pound measured and indicated. Slight advantage URZ. Not near the advantage Dev is talking about. I believe smart money is also figuring it this way.

    URZ holds approximately 80,000 acres of mineral leases (only half explored). URG holds approximately 40,000 acres of mineral leases. Advantage URZ. OK I will take your word on it.

    URG's stated all in cost of production is $29/pound. URZ's stated all in cost of production is $35/pound, including everything, operations, royalties, taxes, fees and expenses. Advantage URG. To take this a little further on the resources. URZ will be spending an extra $47.4 M on extracting there resource. These are estimates but if they hold will wide out the are next argument over the long term. Huge URG advantage.

    URZ has $20 million debt, $15 million cash, 103 million fully diluted shares and outstanding warrants. URG has $33 million debt, $6 million cash, approximately 140 million fully diluted shares and outstanding warrants. No clear advantage because of the added cost of production.

    I am not bashing URZ. I own shares of both. I think that we need to anticipate prices in this range ($35-$50) for the next 3-4 years. The number Deviateur are presenting a little skewed, but I appreciate his input.

  • Reply to

    Why would anybody choose URZ over URG

    by micduval Feb 13, 2014 1:14 PM
    mn_mayhem mn_mayhem Feb 14, 2014 11:27 AM Flag

    First of all, I wasn't talking down just responding the way I was responded too. Like I will do for you. Thank you for the information. On this board in the past the argument was make that URZ has more indicated resources than URG, which is true, but doesn't consider the location of these reserves. So without added expense (another processing facility or liquid tank semi transportation), fields located large distances away from the current processing facility are as good as nothing.

    If I was suppose to be impressed (or intimidated) with a simple theory of having a semi-portable resin collection facility, I'm not. If it were that simple they would have done that back in the 70's. Especially now with U prices suppressed. IF urz puts the expense of doing something like that it will be 4 years from now and U prices will have to be in the $90 range and I still don't think its worth it. To much solution to process. To much solution to process. To much.

  • Reply to

    Why would anybody choose URZ over URG

    by micduval Feb 13, 2014 1:14 PM
    mn_mayhem mn_mayhem Feb 14, 2014 10:42 AM Flag

    Before I take this conversation to the next level, which by your response, you want to take it. You are not understanding the question. Buy trucking, I am referring to the delivery of "pregnant solution" from the well house to the processing facility. In the IRS process, typically this is piped back to the processing facility. So a well field that is 1 mile away would need to be piped back to the processing facility 1 mile. If the well field is 16 miles away......you understand ? At longer distances I would image that an actual semi would need to be use to bring "pregnant solution" back to the processing facility. Which would add to the expense of the company that has well field further way from there processing facility. If I am looking at this correctly URZ has Hank and Jane Doe approximately 3 to 6 miles away.......URG has all there indicated resource within 2.5 miles. URZ has other fields 10-14 miles way. This is research I am doing and am not trying to bash either stock, just want others input on this information.

  • Reply to

    Why would anybody choose URZ over URG

    by micduval Feb 13, 2014 1:14 PM
    mn_mayhem mn_mayhem Feb 13, 2014 10:55 PM Flag

    I posted this statement a week ago and received one response that had no depth....so I'm trying it again:

    The only thing that holds me back from urz vs. urg is that although urz has more indicated uranium some of there property that is included with there indicated resource is located a fair distance away from there processing facility. So can that be counted ? If that would require another processing facility or trucking costs ? I believe there are two properties that urz include with their resource base that maybe shouldn't be counted due to the distance away from there processing facility......which defiantly change some of the valuations that have been stated on this board.....I'm not a hater, just think that this has been over looked by some investors who are comparing the two. Anyone care to elaborate ?

  • Reply to

    The LDP Party

    by jetty717 Feb 6, 2014 9:19 AM
    mn_mayhem mn_mayhem Feb 7, 2014 8:23 PM Flag

    In the dd I have done the LDP will not promote nuclear start up but they will not stop it, they know the importance of restarting the reactors but will let the fundamentals turn them on. It is inevitable . Urg is keeping pace but the real race is about to begin.

    The only thing that holds me back from urz vs. urg is that although urz has more indicated uranium some of there property that is included with there indicated resource is located a fair distance away from there processing facility. So can that be counted ? If that would require another processing facility or trucking costs ? I believe there are two properties that urz include with there resource base that maybe shouldn't be counted due to the distance away from there processing facility.......I'm not a hater, just think that this has been over looked by some investors who are comparing the two. Anyone care to elaborate ?

  • mn_mayhem by mn_mayhem Jan 22, 2014 8:40 PM Flag

    Does anyone know when earnings will be out ?

    Long urg

URG
1.36+0.01(+0.74%)Apr 17 4:04 PMEDT

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