valuation of ext, page-2

Yes, it's time to take stock of this company and see where we are at. here is another article:

EUREKA report
Cape Town's mining revival show
By Tim Treadgold February 3, 2010


QUOTE
In terms of specific stock selection, there were three ASX-listed companies at Indaba that caught my eye as being under-rated and under-valued. One is well known. Two are yet to make waves with investors, while a fourth stock should be mentioned, simply because it is a rare example of a diamond explorer on the edge of success.
The hidden gems from Indaba are:

Extract Resources (EXT) is $2 billion uranium play that will either emerge as a producer in its own right or be acquired by Rio Tinto. It took a trip to Africa to get a clear view of what Extract has uncovered and figure out how a small company has effectively "stolen" a plum asset from under Rio Tinto's nose: the Rossing South uranium deposit in Namibia, which may be one of the world's richest (and biggest) pure uranium deposits. In a way, the loss of Rossing South is the price Rio is paying for wasting money on its purchase of Canada's Alcan aluminium business and then by not concentrating on building the better parts of its core operations, such as uranium.

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