Not Quite correct.
when UUUU was $5,84 usd this valued Base at 30.2c aud
however 6.5c aud of this was the dividend which doesnt increase with the UUUU share price.
so 23.7c is the UUUU component. so $11.68 UUUU share price would gve us $0.474 plus $0.065 div = $0.539c not double.
Ann: Presentation - Energy Fuels and Base Resources Combination, page-98
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