re; what’s it worth? – ext is the next pdn in the , page-9

thanks for your post zackman. Some people will have discovered some new information from your post, others would have been informed already - hence their stake in the stock already. I appreciate you informing the HC punters.

The only points I will constructively point out against your post (remembering I am an EXT holder - and am not trying to talk down the stock), is that EXT has a 51% stake in Husab Project. PDN has a 100% stake in Langer. Sure EXT are applying for two licences further south of EPL3138, but that is a long way off and may be geographically in area where there is less chance of striking 'u' compared to EPL 3138, Rossing and Langer H Mines.

Also, you write that PDN had 265m shares on offer back on late 2003. Since then they needed share placements to raise the cash for exploration and BFS. Thus pushing the number of shares up to 410million as it stands on issue. Still well under EXT's current number of issued shares.

EXT already have 540m on issue and 50m performace shares for employees/directors, so lets hope they don't issue too many more shares so that the price will be too diluted. Anything over 700 m shares will be a lot of shares out there on market. I think GPN has 1.1 billion out there including options.

The gold interest will HOPEFULLY alleviate the need for placements as the gold price continues to rise.

I certainly agree the stock is well undervalued, but I don't think we can compare to PDN to that degree.

I can't put a value on the U interests - but one would think the price movements of EXT should mirror (but on a smaller scale compared to PDN, if EXT's tenanments do have extractable 'U'

Big interest today, but has come back to 2.6 as I type. 48 million traded, but I reckon the big brokers are trying manipulate the price so they can get back in and not miss the boat, in IMHO.

Cheers