CXU General Chat, page-178

I think one aspect that has been missed with CXU is that it has around $72 M of carried forward losses which when I looked to invest was a big interest to me. To put in context that is 6 cents a share that could be paid in dividend fully franked at some time in the future.

I would also like to comment on the suggestion of someone like Boss making a take over bid. Its all about pounds in the ground. Jono and the team know they must confirm what pound they have before the law changes in WA. If we just assume that they find 100m pounds then when the law changes and the price of uranium is $150 lb. A fair value for CXU would be some were up near $500M. Just run the numbers if you dig up 5m pounds a year at $150 pound is $750m sales per year. Take a rough number from BOE and double it so cost $50 pound you get $500m left over for the shareholders. So lets say I got that wrong so we will half it to $250m. Rough number that is earnings of around 20 cents per share.

Rough and dirty numbers are often the best way to understand why you should invest, complex numbers often have too many errors.