Price Target Changed • Jul 28
Price target decreased by 23% to CA$1.47 Down from CA$1.90, the current price target is an average from 3 analysts. New target price is 199% above last closing price of CA$0.49. Stock is down 7.5% over the past year. The company posted a net loss per share of CA$0.025 last year. Announcement • Jul 22
Laramide Resources Ltd. Announces Updated Preliminary Economic Assessment for Westmoreland Uranium Project Laramide Resources Ltd. announced the results of an updated Preliminary Economic Assessment (PEA) for its 100%-owned Westmoreland Uranium Project in Queensland, Australia. The updated PEA incorporates a decade of technical advancement, including updated engineering, mine planning, metallurgical process design, environmental planning, capital and operating cost estimates, and revised market assumptions, providing a current assessment of the Project's development potential in today's uranium market. The resulting PEA provides an updated assessment of the Project's technical and economic potential and establishes a current foundation for evaluating the future development of one of Australia's largest undeveloped uranium projects. The updated PEA continues to demonstrate that Westmoreland has the potential to become a large-scale, long-life uranium operation and could be an attractive supplier of choice to global utilities, given its location in a favorable, stable political environment and low technical risk attributes. The updated Preliminary Economic Assessment constitutes a Material Change and a NI 43-101 Technical report will be filed on sedarplus.ca within 45 days of this announcement. New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$139.1m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (CA$18m net loss in 2 years). Market cap is less than US$100m (CA$139.1m market cap, or US$98.9m). 
