DYL 3.09% $1.26 deep yellow limited

this is way tooooo cheap, page-2

  1. 564 Posts.
    Some basic analysis

    Tubas and Tumas tenements Namibia have an historic NON-JORC estimate of 18,000 tonnes of uranium

    Aussinanis tenement Namibia of which only 25% was drilled for an historic NON-JORC estimate of 7,000 tonnes, so if 25% has 7,000 tonnes then we assume 100% equals 28,000 tonnes (ie. 4 x 7,000)

    So 18,000 tonnes plus 28,000 tonnes equals 46,000 tonnes in total based on historic drilling which is NON-JORC

    Now from DYL's June 2007 quarterly activities report they state that based on their own drilling to date in Namibia ".... uranium assay results are almost 50% higher (than historic drilling) "

    So 46,000 tonnes plus 50% increase = 69,000 tonnes

    69,000 tonnes x 2240 pounds to the tonne = 154.5 million pounds of uranium

    Now with 1,200,000,000 shares on issue @ 30 cents each equals a market cap of $360 million, less cash on hand of $63 million equals net $297 million

    so the 154.5 million pounds of uranium is worth $297 million at around current prices, that fellow investors puts a value of $1.92 per pound of uranium in the ground

    yes you can presently buy Deep Yellow for less that $2 per pound of uranium based on the above assumptions

    Oh yes and Deep Yellow have $63 million in cash in the bank which will be spent proving this valuable resource up to JORC
 
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