This is a reply to "Champ"'s post # 5267021 above. "Champ" stated that at 80 cents-$1 EXT had a lot of blue sky potential but he disagrees with those who say that EXT is a get rich company at this (current) price - around $7-8.
Well, here is a recent snapshot of all current uranium companies, from explorers to miners and everything in between. The valuation of the all companies varies from close to zero and up to US$10 per lb of uranium. We can see EXT in the middle there, and where it might be after the next JORC upgrade.
Of course, "Champ" is welcome to say that EXT should be much much lower than current share prices, but this would put EXT well below any other comparable uranium company. It seems that EXT is about in the middle of the range, so the potential for an increase in share price with a resource upgrade to $10-$12 seems quite reasonable - such a price would still put EXT cheaper than some explorers with less than 10% of the resource that EXT has.
And in an earlier post "Champ" said that "It also doesn't matter how large the resource is if there won't be a takeover offer as it won't affect the share price..." - extraordinary. So we are expected to believe that if company A has twice the resource, it is not worth twice as much?
I don't really accept this. You're welcome to your own opinion. EXT has a long way yet to run.
EXT Price at posting:
$7.69 Sentiment: Buy Disclosure: Held
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