takeover, page-4

Before everybody starts running around and congratulating each other on an imminent takeover and/or re-evaluation, I should stress that industry average valuation is a furphy. It depends on many factors the main one being the GRADE.

At current supply/demand equation, only high grade deposits are clearly economical.

Fortunately, even a relatively small (e.g. 20% or so) increase in demand and a corresponding rise in U. price will mean that lower grade deposits will become economical as there are simply not enough ready low cost mines available, at least for some time.

Currently, low grade deposits valuation is very low. Look at BMN at less than 50c / lb. It is almost a price of an option on a future higher Uranium price.

I hold MEY and am optimistic long term, but please get real and stop telling people that low grade u deposits should be valued today at $4/lb and market has somehow missed MEY big time.

A bit of realism would not hurt.