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Alpha Minerals Inc is the successor to ESO Uranium Corp following a 10:1 rollback on November 2, 2012. Its flagship project is a 50:50 JV with Fission Energy on the Patterson Lake South project on the southern flank of Saskatchewan's Athabasca Basin. A high grade uranium boulder chasing exploration strategy led to a discovery under glacial cover in the summer of 2012. A $4 million drill program was initiated in January 2013 to delineate this shallow unconformity style uranium discovery. Alpha is headed by CEO Ben Ainsworth. In September 2013 the company agreed to a revised takeover offer from its JV partner at the Patterson Lake South property, of 5.725 shares of Fission for each Alpha share with the balance of Alpha's assets to be spun-off into a new company, Alpha Exploration.
Key to Understanding IPV Charts and Spec Value Hunter Tables
An IPV Chart is a graphical presentation of a Spec Value Hunter table that has been constructed according to the Rational Speculation Model developed by John Kaiser. The IPV Chart allows speculators to identify which projects offer poor, fair or good speculative value in both absolute and relative terms. The speculative value depends on the project stage, the project's implied value as calculated by the company's fully diluted capitalization, stock price and net project interest, and the dream target deemed appropriate for the project. A dream target is what a project would be worth in discounted cash flow terms once in production.
Green background indicates the dream target judged appropriate for this play by John Kaiser - otherwise unranked.
Poor Speculative Value -
Fair Speculative Value -
Good Speculative Value -
Note: narrow arrows indicate IPV is outside the fair value channel but within 25% of the fair value limits
Click on the company name to view the company profile, the project name to view project details.
Click on the project icon if its background is shaded to get the IPV Chart for that company.
