ERA 16.7% 0.3¢ energy resources of australia limited

does era has much cash in reserve?, page-3

  1. 726 Posts.


    Hi

    Yes that guy had no idea, so that is why no one answered!

    The CASH money alone is worth $0.95 cents per share.

    Ranger mill and stockpiles = $1.35
    Exploration including Ranger Deeps = $2.30
    33% probability of Jabiluka = $1.45

    So we get fair value around the $6 mark at the moment. Conservative fair value - could easily trade above $10 in the future.


 
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