quick question - where is this heading?......., page-39

Devander,

I think your post comparing corporate valuations is quite intersting, and informative ...but complete.

RS is already the seventh largest known resource in the world - and with another 170m lbs would become the second largest (see EXT corporate presentation material from the last month. Also worth noting in that presentation the value per pound of resource of EXT compared with other Uranium corporations).

Knowing this, IMO any fairminded person would acknowledge that SOMEONE will mine this resource, so I think you need to justify your comments that EXT will not mine it. If you think they will be taken over before mining commences, that does not diminish their corporate valuation - it enhances it IMO.

It is also easy to see where another 170m lbs would come from based upon the most recent announcement - of strong results from zone three & further strong results from zone 4, and yet more results from 10km south of zone 2. In short, there are high count uranium results semi continuously over most of a 15 kilometer stretch of land - but the current resource has only been calculated from the first two of these.

I think more research might change your opinion of valuations.