This is also from cunningham with a $3.33 conservative target...note its valuation will be upgraded if/when GGG announces a resource upgrade next week
GGG are sitting on 223m lbs of U @ 302ppm, a resource that makes what some companies have, like the one time market darling BMN look anaemic.
And this if approval is given will be mined as a BY-PRODUCT to the REE and NaF
Cunnungham Securities have estimated a conservative share value of $3.33 per share and this is based on the resource established from the 2007 drilling program. There should be a significant upgrade to this resource from the 2008 program, considering more meters were drilled this year and the existing resource is open in all directions
GGG Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
