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| | Corporate Profile: Underworld Resources Inc
Publisher: Kaiser Research Online
Author: Copyright 2009 John A Kaiser
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Underworld Resources Inc (UW-V)
| Underworld Resources Ltd went public by IPO in 2007 under Adrian Fleming, Michael Williams, and Robert McLeod, with an initial focus on projects in New Zealand, but branched out with an option on the Pogo-style White gold project in Yukon. After initial drilling at White Gold in 2008 that reported some narrow high-grade intercepts, summer 2009 drilling saw the company begin to report longer intercepts such as 104 meters of 3.4 grams per tonne gold in hole Wd-031 as the stock moved into the dollar range. In January 2010 Underworld reported an initial resource estimate of 1,004,570 ounces at a grade of 3.2 grams per tonne gold in an indicated category, with an additional 407,413 ounces of inferred resources at an average grade of 2.5 grams per tonne gold. In March 2010 the company received a share-based takeover offer from Kinross of 0.141 Kinross share and $0.01 per Underworld share, equivalent to $2.62 per Underworld share at the time of announcement, or $139 million on a fully diluted basis. |
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. |
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