appeal hearing, page-121

Im a very simple man and a simple point jumped out of e recent presentation released by the company (this one: http://www.allianceresources.com.au/IRM/Company/ShowPage.aspx/PDFs/1547-82311842/InvestorPresentationRIUExplorers2013ConferencePerth)

These key points stayed with me from the four mile development slide:

? Cash operating costs are budgeted to be A$25.46(2) per lb uranium oxide (if wellfield development costs are excluded) or A$40.33(2) per lb (inclusive of wellfield development costs)

? Sale prices are forecast to be US$62.58 per lb uranium oxide for 2013

The weekly spot U3o8 price for the week ended 18 Feb per UxC.com is USD$43.00

So the company is predicting a sale price 50% higher than present. Development and operating costs are only marginally below the current price. PLUS we have the annoying legal issue hanging overhead.

Oversimplification maybe, but IMO, this wont move north until the U price does.

But when it does, be in or be bitter!