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re: price prediction and follow up This post, dated 11 May 2006:

Subject re: increases of insitu values
Stock Code SMM - SUMMIT RESOURCES LIMITED
Posted 11/05/06 09:42
Posted by stolwyk
Post #1054463 - 2784 reads
In Reply to msg #1043143

INCREASES OF INSITU VALUES

Assuming they can get 150 mill lbs in a year's time (And they are well on the way),

then the deposit Insitu value will be Aus$8181.8 mill (US$42/lb and A=0.77) or based on their 188 mill shares, $A43.52 /share, a nice value but *not* incorporating Uranium price increases during the year.

+ + + What is forgotten that the Uranium price increases during the year could be good enough to hold the shares for, while waiting for approval.

One could get a 50 cents/week increase in the U price in the next 12 months or say US$26.

That gives a massive *increase* in value of the Insitu deposit of 150 mill lbs or more or $AU5.064 billion or $AUS26.94/share. Current share price is $A1.51.

+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+26=US$68 or $A88.31/lb, or a sum total of 13246.5 mill or based on 188 mill shares:$A70.47/share.

Of course I am talking about Insitu values, but rest assured there will be enough left after production.


SMM could be one of the most valuable stocks to have ($1.51/share), assuming uranium is getting more expensive as it is, sofar.

Subject to audit,

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.

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Date: 10 Dec 2006:
Extract:
"+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+26=US$68..."

COMMENT:
The U price is now $US65, so we may expect $68 at the end of this month instead of next year's May. (Last year's May price was $42- See above). If so, that would be a rise of 62% in 7.5 months.

At present we have 197.4 mill shares and 8.35 mill 2011 options?

Current prediction is for $100 at end of Dec 2007.

Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.