spin off value assumptions..., page-76

andrewe,

You have stuffed up one of your numbers which is what is wrong. Admittedly anyone could have done it but your vitriolic defence of the shabby numbers is what is making you look foolish.

"You allow $100/tonne or 4.5c per pound of uranium costs???? Being that there are 2204 pounds per tonne.
i have never seen costs this low anywhere but lets assume they are making $112.955 per pound profit."

You are getting confused between uranium and overall material. $100/tonne cost is the ore mining cost, not $100/t of contained uranium.

I believe you owe t4p an apology.


Meanwhile, people are expecting this IPO to "give the company some much needed cash". My understanding is that all the raising will be within the new company and GDN will see none of it (although they will have a 30% interest in it). Is this correct? At the moment the only cash coming in will be the options conversions........

Cheers,
Todd