TOE 6.90% 27.0¢ toro energy limited

how much is toe worth based on cameco-bhp deal, page-2

  1. 657 Posts.
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    good question richie

    measured and infered resource for Wiluna (which is a little closer to being a mine than the new Cameco aquisition) is listed as 53.6 mlbs ( if I have my figures correct.

    then you can add theseus.

    Yeerlirrie is about 140(ish) kms from Wiluna and what relavence to present value is the JV between Cameco and Toro in Birrindudu (51% Toro)

    Toro has some cash in the bank and is probably going to get the final approval (IMHO) at federal level.

    So with a present MC of 78mill sounds like Cameco could have bought Toro with all the add ons for 20% of what they paid for the BHP realestate.

    Toro sounds like a bargain to me if that approval happens.

    Cameco are still looking for things to buy as is the Indian state according to the media

    food for thought

    DYOR don't trust mine cos I don't
 
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