GUE (as okapi resources) hit $0.77 at close on 14 sept 2021. This peak translated to a market cap of 77 million. Adjusted for inflation it equals 88 million. Current market cap is 30 million. Valuation at sept 2021 level would be 88/30x$0.16=$0.47. In sept 2021 uranium spot and long term prices were both about $40/lb. Today it is $106 spot and about $70 long term. Typically explorers rise at a faster rate than underlying commodity price but lets say GUE follows uranium price. This suggests that a share price for GUE of $0.82 (long term) or $1.25 (spot) would equal the valuation peaking sept 2021. If uranium spot hits $200 it would not be out of the ordinary to see GUE hit a peak at $2-$3. This is not financial advice in any shape or form.
GUE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
