Hi steve, i did a rough calculation based only on samphire...

Hi steve,
i did a rough calculation based only on samphire project and favourable outcomes with uranium price ..
at 60 contract price the in ground value of samphire project would be

60 x 47m = 2.8 B inground value

If they mine it over a 20 yr period :

47 / 20 = 2.35m pounds per yr deduct loss of resource though mining method of 30 % = 1.6m pounds

1.6m pounds x 60 = 96 m
PE ratio of 10 of 96 = 960m market cap .

this is just for samphire at current state.. the resource can be upgraded after drilling which will be happening very soon..
thats my rough figures .. hopefully im not way off but if all the stars align and they mine it , im putting a 1 billion market cap ..
share dilution will happen .. based on 3.5 billion shares from current 2.3 billion gives a price of 30c
3.5b x .30c = 1 billion market cap .

its a pure guesstimate ... .