value of ggg after mining ban lifted/eased, page-6

Hi Reality,

Further to my last post, the post tax NPV is $4.2b according to the RM research report. If the uranium ban was lifted, any prospective buyer/joint venture partner would still need to consider othe project risks such as environmental and process risk. An offer valuing the project in the order of $1-2b would be my guess. Having said all that, it really comes down to competitive pressure. Take Extract Resources for example - It sold for over $2b (in the order of double the NPV of Husab, it's main asset) due to strong competitive interest from RIO and the chinese. In a previous interview, Rod aluded to interest from large American and Asian companies - lets hope they create some competition once the uranium ban is lifted!

Cheers,

Steve