updated ev's, page-3

'michael1979',
you totally missed the message,there's no predictions just a statement of fact.In basic terms the EV or value/lb,is value the 'market'puts on our 'in the ground' jorc recorded resource.Calculated as

v=SP X NO.SHARES/M/LBS RESOURCE.

=$.093X965MIL/35MIL/LBS
= $2.56/lb u3o8

Compare that to ,say, PEN which have similar grades and similar quantity, their EV IS @$5.00/LB

PEN is close to finalising all regulatory approvals,so $5.00 is justified.Plus very low capex & opex.TOE has still got hurdles to jump,hence the inbuilt risk valuation.
De risked TOE may well hit an EV of $5.00/lb or more
Read the post again, what I was suggesting is that compared to its peers TOE is undervalued

if you want to play around with a calculator to work out a SP using an EV of $5.00/lb the equation is
V x U/shares.

I don't make predictions, just observations!