http://www.sha res cene.com/index.php?s=c03b0799f0725aaab31d6d5545ab167c&act=attach&type=post&id=34439
(You'll have to close-up the gaps in the URL for 'sha res cene' as hotcopper is blocking it as one word, claiming it's a profanity!)
It's clear that we are already sitting on 'half a UraMin' here at better grades. But whereas Areva paid nearly $16/lb for Trekkopje, our better grade ore is being priced at around 45c/lb
Yes, the industry mean was a little over 3 times current value back then ... but even dividing $16/3 and halving it again for fun, we'd get $2.65/lb, or 6 times current valuation ... 60c/share.
Shows you that Areva would be getting us very cheap at 60c ... especially as they've already got the infrastructure in place.
MEY Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
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