project potential

Hi folks ... just my take on production possibilities:

URA will have about 88million shares & options once purchase is complete giving a current MC of about $88million

The report said that similar projects have a mine life of about 4 years – assuming production at a modest 850t U3O8 p/a x 4 years we are looking at 2 deposits of about 3500t each …. With the prospect of 1 or 2 more. URA will have 50% of revenue only.

Based on these figures URA’s share will be worth: $740,752,992 - making their MC:1lb U3O8 value = $11.40 which is identical to AGS, but one third of PDN’s. So IMO it is about fairly valued at this stage of limited information!

Those figures are very modest though, & if they improve, or if they gain a third project then these will improve incrementally.

Tomorrow’s action & interest will be very revealing indeed – IMO it certainly has the ability to get to $1.20 – $1.40 …… anything above that will be sentiment and blue sky potential only

I hold some, so will be quite happy if the market reacts strongly again.

cheers

PS: By the way - Just a plug for BLR: Their USA uranium projects have a $4.50 MC:1lb U3O8 value. So not including their copper projects they have 110% upside before they equal URA's current MC/lb value.