Don't know that tune siempre33, but let me try to add a few good words to the chorus.
It may be a little presumptuous to do some financial figures on the the strength of an inferred resource, but I need some peace of mind.
The 4jun announcement points to a modest 'inferred' 4.6m lbs(2100t)of u at Oban with a relatively low .03% U3O8(260ppm). Nothing wrong with this. The announcement is fairly comprehensive and, to my mind, sets a high standard for an in-situ resource estimate; this is comforting.
Some rough numbers to think about:
If they can recover 75% of 2100t=1575t=3.15mlbs -assume a plant to extract 500k lb/yr = 7yr mine life -assume price of u = $US50 -assume costs(capex, royalties, operating, depreciation, etc.)= $8m/yr -i.e. $25m/yr gross minus $8m/yr = $17m EBIT -say an earnings multiple of 7 divided by 66m shares = $1.80/share
These figures are my guesses and very much at the lower end of future possibilities, but give me some solace and confidence that the share price will see quite a bit of up in the coming months.
CUY Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
