'michael1979',
you totally missed the message,there's no predictions just a statement of fact.In basic terms the EV or value/lb,is value the 'market'puts on our 'in the ground' jorc recorded resource.Calculated as
v=SP X NO.SHARES/M/LBS RESOURCE.
=$.093X965MIL/35MIL/LBS
= $2.56/lb u3o8
Compare that to ,say, PEN which have similar grades and similar quantity, their EV IS @$5.00/LB
PEN is close to finalising all regulatory approvals,so $5.00 is justified.Plus very low capex & opex.TOE has still got hurdles to jump,hence the inbuilt risk valuation.
De risked TOE may well hit an EV of $5.00/lb or more
Read the post again, what I was suggesting is that compared to its peers TOE is undervalued
if you want to play around with a calculator to work out a SP using an EV of $5.00/lb the equation is
V x U/shares.
I don't make predictions, just observations!
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33.0¢ |
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Open | High | Low | Value | Volume |
31.5¢ | 33.0¢ | 31.5¢ | $8.813K | 27.12K |
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No. | Vol. | Price($) |
---|---|---|
1 | 3930 | 32.0¢ |
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Price($) | Vol. | No. |
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33.0¢ | 14997 | 1 |
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No. | Vol. | Price($) |
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3 | 48013 | 0.310 |
2 | 5278 | 0.305 |
8 | 65460 | 0.300 |
5 | 137393 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 14997 | 1 |
0.340 | 30000 | 1 |
0.355 | 11300 | 1 |
0.360 | 3989 | 1 |
0.365 | 9225 | 1 |
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