resource lb valuation, page-8

"ultimately company will not be valued from in ground resources"

Mmmmh? Not sure I agree with this. Take PDN for example. It is on a P/E of 4 and the SP is only going to go much higher than this. Yes they have more production slated, but will still be on a p/e of around 5 as the SP heads up.

B4M is just such a significant deposit, and will be Australia's next producing mine. As such it will grab everyones attention and imagination.

Uranium is heading for a massive bull run over the next 12 months or so, and AGS will be at the forefront. In that type of environment you can forget p/e ratios ... everyone will be wanting a piece of AGS.