" What is forgotten that the Uranium price increases during the year could be good enough to hold the shares for, while waiting for mining approval.
One could get a 50 cents/week increase in the U price in the next 12 months or say US$26.
That gives a massive *increase* in value of the Insitu deposit of 150 mill lbs or more or $AU5.064 billion or $AUS26.94/share. Current share price is $A1.51.
+ + + Assume we have an Insitu 150 mill lbs U in 12 months time, and the U price will be the current US$42+26=US$68 or $A88.31/lb, or a sum total of $A13246.5 mill or based on 188 mill shares:$A70.47/share". ____________________________________
Comment: On 11 May, U price was $42-See above. I was predicting an increase of 50 cents/week or US$26 for the next 12 months. Current price: $47.25, a difference of $5.25 for 73 days.
Based on 365 days per year, we could be getting: 365/73*$5.25=$26.25 against $26 for the 12 months predicted.
So, the prediction sofar is spot on!
Hopefully, we may be getting larger increases with time.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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