RNS Number:6599R
Nufcor Uranium Limited
04 April 2008

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, JAPAN OR AUSTRALIA





 NUFCOR URANIUM LIMITED REPORTS NET ASSET VALUE AND ADJUSTED NET ASSET VALUE AT

                                 31 March 2008



Nufcor Uranium Limited ("NUL") reports its net asset value1 and adjusted net
asset value2 at 31 March 2008 was �106,276,959 ($211,225,457) or �2.58 share
(US$5.12 share). Its diluted net asset value3 and adjusted diluted net asset
value at 31 March 2008 was �2.55 per share (US$5.06 per share).



As at 31 March 2008, NUL's investment portfolio consisted as follows:


(in US dollars, except quantity amounts)               Quantity             Cost           Market Value

Investments:
Physical Uranium Holdings - U3O8                       2,300,000 lbs        $108,366,000      $163,300,000
Physical Uranium Holdings - UF6                         200,000 kg U         $64,260,000       $38,900,000
                                                                            $172,626,000   $202,200,000

Average purchase/contracted cost and market value                                 $47.12            $71.00
per lb of U3O8


Average purchase/contracted cost and market value                                $321.30           $194.50
per kg U of UF6



1 Net asset value equals the total assets of the Company, less its adjusted
total liabilities (including accrued but unpaid fees) valued in accordance with
the Company's accounting policies, except that investments in U3O8 are valued at
the average of (i) the month end UxC U3O8 spot price indicator (as published by
Ux Consulting Company, LLC in its Ux Weekly publication) and (ii) the month end
TradeTech U3O8 exchange value (as published by TradeTech, LLC in the Nuclear
Market Review), ("the Average U3O8 Published Price"), and that investments in
UF6 are valued at the average of (i) the month end UxC UF6 spot NA price and
(ii) the month end TradeTech UF6 value, ("the Average UF6 Published Price").



2 Adjusted net asset value is equal to the net asset value adjusted to include
the fair value of forward Uranium purchase and sales contracts entered into by
the company with reference to the Average U3O8 Published Price and the Average
UF6 Published Price.



3 The Company has issued an option over 2,475,000 shares exercisable at any time
(or times) during the period commencing on 21 July 2008 and ending on 21 July
2011. The exercise price of the option is fixed at �2.05 per share.  For the
purpose of calculating diluted net asset value it has been assumed that the
option was exercised at the date of the valuation.



4 All sterling amounts are translated at 31 March 2008 exchange rate of US$
1.9875 / �1.00.



About Nufcor Uranium Limited

Nufcor Uranium Limited is an investment company created to invest substantially
all of its assets in natural Uranium with the primary investment objective of
achieving capital appreciation in the value of its Uranium holdings.



For further information, please contact:



Nufcor Capital Limited                                +44 207 939 1830

Gary Stoker

Rian Raghavjee


Smithfield                                            +44 207 360 4900

Rupert Trefgarne




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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