london broker price target over 1 buck

I've seen the report from the UK. They have a price target of $1.06

It is not the world's greatest reseach report but it breaks down the components of MLI's operations and values them.

One of the main points they mention is that only 1/3 of the resource has been testsed to date.

The next 2/3 of reults are due in the next few weeks which could add signifacantly more uranium resource to the company's bottom line.

Some good news was that they say they visited the mine and believe that gold production for this quarter and the next is expected to increase and be on track for 26,000 ozs pa from July.

They also talk about potential sale of non-core assets at Brakpan.

Their key points re that the company has potential for a 10 year mine life at 2.4m lbs of uranium per year and that capex costs are much lower than normal u-co's becuase there aint that much digging to do.

Cheers

....Seriously do your own research because there are a lot of people who write nonsense around here. The above is DEFINITELY not investment advice....