attempt at resource valuation

I've been doing some calculations on the value of the resource. I'm not experienced at this sort of thing but the way I see it is:

From the recent announcement, inferred amount of U308 is 2,700t

2,700t x 1000 = 2.7 million kg U308
2.7 million kg x 2.2 = approx. 6 million lbs U308

price of U308 seens to be about $45 USD per pound - which is roughly $50 AUS per pound.

Value of resource = 6 million x 50 = $300 million

This seems pretty impressive to me for a company with $26 million market cap.

From what I can work out there are 84 million shares on issue. Does this put share value at $3.57? Obviously not because there are production costs etc. - but then again, the full size of the resource is yet to be established.

Any comments are welcome!

I've made a few posts recently so I'm now going to lay low before I get accused of ramping!