An EXT SP of $16 would equate to a market cap of about $4 bill - roughly what ERA is currently valued at, with ERA currently churning out plenty of yellowcake from a well established MINE (distinct from resource), with expansion prospects etc ..
An EXT SP of $8 would equate to a market cap of about $2 bill - roughly what PDN is currently valued at, with PDN churning out yellowcake from LH, and soon another mine also (maybe ...)
So, while I am not one to argue that in time (and when there is a well established mine etc) that EXTs SP may reach the lofty heights of $8, $16 or whatever, surely so long as it is in the realm of being an explorer sitting on a nice, albeit constantly improving resource, then surely it is getting close to topping out ??
Does anyone know the greatest market cap ever achieved for a u3o8 explorer pre-production ? thanks ...
ext fair value ?
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