comparison again, page-48

Hi stayhere and storm

been following the thread with some interest

appears to me two different ways of looking at pricing the situation at different stages of a project and for different reasons.

STORM to use your way is to infer a take over possiblity,
well thats how I interupt your approach.

Stayhere has a more forward l/t share holder view going forward, again thats how I read it.

storm hows my figures stack up on back of evevelope

1mil/lb at $14 in ground (premium for 50yr mine life)

14bil/300mil shares = for t/o $46 per share

Now this is way to low price as they will be drilling for at least another 5 yrs while plant is be built and billions more lbs come to light

Going forward I can only see a share dilution up to a max of 400mil share total
next cap raising
say even at $10 to raise $1bil thats 100mil shares

14bil/400 = $35 ( this is only a t/o way to look at it)

cant see to much debt on extract books as smart money moving in.
If we can keep debt from ext books thats better for the share holders

But the next raising would more than probably be when share price closer to $15 - $20
So somewhere in the 50 - 70mil extra shares issued.

Its all fun to play with these numbers.

Stayhere thanks for your spread sheet and input,
You have alerted me to something and will be acting on it in the next few weeks when some funds are freed up.

keep up the good work Extractors

CHEERS