$53 uranium, page-4

Pretty simple Looka , 50-60 cents would be half of what it might have been and still will be if Uranium goes back above $80 lb.

If in fact we get a full jorc in excess of 120m lb ,as expected from the directors over next couple of months , as a minable resource in a pro-uranium country like Namibia , then a fair in-ground value of $10 lb would be $120B , divided by 1.1 billion shares on issue , thats over $1.00 value per a share ,

Hence 50-60 cents should not be unreasonable to expect . Need I say thats only the Namibian assets without the COH for 3 to 4 more years drilling , good uranium management, PDN connection and the very important Mt Isa and other Australian tenement holdings on top.