the first valuation could be found after takeover announcement from Dr. Geordie Mark, a research analyst with Haywood Securities
"We have a $0.90 target on the company based on our future commodity price expectations. Our view was that the proposal was opportunistically timed. We think the Etango project in Namibia represents one of the few projects out there that could be in production within four or so years. A number of other parties could seek an interest with Bannerman or engage in a joint venture for exposure to production. We still see more value than the offer that Hanlong put out."
http://www.businessinsider.com/geordie-mark-catalysts-not-uranium-prices-grow-stocks-2011-8
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