The source of my happiness....
page 8 of 15 Extract Resources AGM 2006: Strategic Objective
Targeting +40m tonnes @ 0.4 Kg/t (400 grams p/t)
= + 35 million pounds of U308
= + $2,000,000,000 metal value
Target SP $3.00
There are many resource companies with resource worths several billion dollars with little mc eg. URL,MPH, RMI ect What special about $2 billion uranium resource that EXT has?
Does the cost to get uranium is much cheaper than the cost to get other metals?
Also from my estimation, the current resource PDN possesses does not justifify the Market Cap of 4billion.
Any other opinions please!
patience will be rewarded, page-5
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