Hello,
I get a 6 month target price of $12.34
How do i get there?
500m pounds of uranium to be proven up by December 2011 at
$6 per pound
= $3 billion
divided by 243m shares
= $12.34 per share
This price of $12.34 is in USD. It would be higher in AUD.
So the report is far too conservative.
Cait
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