I was looking at an analysis of 3 Canadian Uranium development Companies residing in the Athabasca (NexGen, Fusion, Denison) and the amount of Uranium ranges from 126-239M lbs U. All are more advanced in drilling than AEE's Hagan Project, however, the Market values these Companies from $5.5-$30 lb of Uranium. The outlier ($5.5-lb U) is Fission which is getting beaten up by the market because of an issue with being bought out by Paladin.
Anyways, if we value the Hagan Project at a conservative $1 per pound of uranium, ignoring the 17 billion lbs of vanadium and other metals, and apply the low-end market valuation ($5.5/lb U) to Tiris’ 91 million lbs of uranium (a more advanced project), the implied market cap for AEE would be approximately $1.255 billion. That translates into $1.45 a share for AEE and an 866% return from today’s SP.
AEE Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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