Champ's answer is apt ... too many variables. If they get to actually mine this deposit, say in a JV with RIO, then just look at ERA as an example ... $30 easily IMO.
I have said that my PERSONAL target to sell is $15. That has nothing to do with any ultimate valuation of RS. This is a ginormous deposit. personally I feel comparisons to Olympic dam are silly. OD has 2.2 million TONNES of uranium ... think about that!
But IMO it will probably end up being the biggest mineable stand-alone uranium deposit in the world.
When it gets to $15 ... I have a feeling I will change my mind and wont end up selling!!
;)
EXT Price at posting:
$9.21 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)