q had a high grade hit and didn't tell ags, page-105

I agree Frankie. On the assumptions that Itochu take a 40% stake and that raises $200 million, I make that about 90 cents per share.

And now to pipe-dream:
With 100% of 4-mile and captial expenses covered, mining 5 million lb per annum at a profit margin of about $30/lb could see operating cashflows of $150 p.a, or twice that if uranium rises to $80/lb. So maybe AGS would have a market cap of $1.5 billion, or about $3/share (post Itochu dilution). Ahhh... a man can dream :)