gdo to acquire rand uranium, page-67

hi all

I have read the ann in detail.
One thing that is glaringly obvious is the uranium piece of this puzzle, lets not forger the CEO came from uranium one and would understand the value of the uranium assets very well. If we therefore assume GDO can improve the operational costs of the assets and then add the by product to further reduce costs the costs may come down significantly to the extent where the acquisition ends up being an absolute bargain

importantly we have a 3 million reserve resource worked at at a USD POG of 1100. That is an acquisition of reserves at 83.3 per oz
Personally I am not in the position to say this is a great deal as yet as i have no idea how to value uranium assets and the existing high production costs further complicate matters by making NPV calcs difficult if not impossible.

valuations from an EV to resource and EV to reserve basis undoubetdly improve, valuations from a net cash flow may be the same or slightly less.

the SP will take a few days to show the true market view as it may be the case not all existing shareholders an invest in stocks with uranium assets