TOE 0.00% 35.0¢ toro energy limited

look back at 3q report from RCR (available on TOE...

  1. 272 Posts.
    look back at 3q report from RCR (available on TOE website),
    there's a section on valuation base on LONG term uranium price and

    @$60/lb, base value per share is 47c, @$70/lb, base value is 91, and @80/lb, value is $1.34, however, that is based on aud/usd rate of 0.80.
    Even if you discount 30% off the exchange, the figures are still about .33, .64, .94.

    That seems pretty positive to me. Only explanation which makes any sense to me is we may not be getting interest from larger instos because of OZL's big slice of the company and most of the trading volume are relatively light on.
    There are no real fundamental drivers until we get some more solid news re. final investment decision or if uranium makes a break higher again.

    Perhaps, it's a good time to accumulate while it's still quiet...
 
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