bottom line, page-2

Thats right and if we can convert 40% of the 30.7 M/lbs inferred resource and double our inventory to over 20 M/lbs then the value of JORC resource to indicated/measured automatically increases the value of the company.

If we had at least 20 M/lbs it would provide an extracted value of $1.3 billion based on $65/lb U308

Assuming total Opex cost including tax etc was $25 pound we get $40 NPAT per lb/u308 x $65 sell price = 800M NPAT/3 billion shares gives us 26 c EPS x PE multiple of 12 =$3.12 per share


In terms of the statement below this could improve opex
per pound and improve the value of our asset

"The drill density and continuity of mineralisation is expected to result in a high proportion of inferred resources being upgraded to indicated category"

With some of the recent drill results its highlighting a more vialble robust and economic project

Well done!!!
MMM