1) imminent takeover/JV at a premium to current value (perhaps up to circa $9-10 per share if August report warrants it)
OR
2) takeover some time in 2010 or later when more resource is proven and a higher takeover price is warranted?
OR
3) Dattels/KAH/shareholders holding out too long and being forced to go into production around 2012/13 (possibly having by then proven 500-1000m lbs)?
It's a time vs valuation trade off isn't it? Many optimistic types imagine there's between 500-1000m lbs, but simultaneously expect imminent takeover before their hopes can be well proven enough to justify a takeover at a price that acknowledges the full potential.
As for Dattel's claim it could be the most valuable Uranium deposit in the world. Well, I could be the most popular poster in the EXT forum too. ;-) Maybe Dattels isn't aware of the near 5 billion pounds of Uranium believed to exist at Olympic Dam.
Z
EXT Price at posting:
$4.65 Sentiment: None Disclosure: Held
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