I've compiled a table comparing various uranium explorers to gauge MEY's current value.All data was obtained from last annual reports.
Some explanations:
1.FSY(FORSYS METALS)is listed in Canada,they've got the Valencia project in Namibia.I converted their info into AU $$.
2.NGM have now been taken over by Paladin.
3.For resource I included measured,indicated and inferred.
3.For shares I did not include options.In the case of MEY I added on the extra shares from the rights issue.
4.As they've all got various amounts of cash on their books I deducted that from their respective SP to reach the final value/lb u3o8.
I've tried to be accurate but if anyone spots a n error let me know.
Looks plainly obvious MEY & BMN are cheap by comparison.
If anyone knows an easier way of posting charts or tables on Hotcopper please let me know.
http://picasaweb.google.com/115936391755174285979/MyDocuments?authkey=Gv1sRgCP3-vc6PlciDygE&feat=directlink
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