15$ I think there is much more to get. Some are saying that the takeover of Uramin with 100mlbs and ~200ppm for 19$(2.5 billion) was to high. May be right. But if Areva was ready to pay so much for Uramin, how much would it pay for EXT. Then EXT will probably have 600-700mlbs that means sixfold higher and more than double of grades(450-550ppm)than Uramin. And for cost reduction the whole material is concentrated on one place. And not forget that Z1 and Z2 are still open to depth and width. So if calculate all that the minimum price that a company has to pay is 20$ per pound even the uranium price is not on the peak( it was about 130$. Then every company knows that the price will rapidly climb( Deutsche bank and City group say until end of this year about 80-90$). No mention for the future until 2015(may higher than 130$).
EXT Price at posting:
$7.75 Sentiment: None Disclosure: Not Held
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