Ann: DFS demonstrates viability of the Husab Uran, page-6

re: Ann: DFS demonstrates viability of the Hu... Thought this might be of interest, when trying to calculate an EXT valuation (in terms of earning multiple for existing Uranium miners)

http://www.steelguru.com/metals_news/Japanese_earthquake_-_Uranium_top_producer_could_see_further_decay/196661.html

21/3/11
"Cameco, the largest publicly traded miner and producer of yellow cake uranium used in the nuclear power industry"

"At its February peak the stock was trading on a lofty 25 times earnings. Even after Japan's quake precipitated a disaster at the Fukushima Daiichi nuclear power plant, Cameco fetches 19 times earnings still a handsome premium to the Toronto market's multiple of 15."

With these figures the Chinese proposal does look some what low.