i also recall ireland had the lowest npv and lowest target price of the analyst reports which no longer appear on the EXT website. There will be new reports after the feasibility study I would think which will be derisked for that report.
EXT would not entertain $9-10 from RIO they would have to pay a pound in ground for zones 1 and 2 and as the absolute smicko blue chip deposit of high grade and low mining cost of likely 400- 550 mlbs in zones 1 and 2 joined together and high grade zones drilled out at depth they will expect and can expect $10 -12 USD per pound. They would not sell the remainder of the deposit comprising 3, 4 and 5 and downstrike etc and ongoing as this is likley to host an equivalent and perhaps more. ( zone 3 is not as high grade)
If it is only 400 mlb at $10USD that is 4 bill US which is what 4.5 bill AUD approx $20 per share at 500 mlb and $12 USD 6.66 bill which is close to $30 per share.
This is for zones 1 and 2 only and they will have absolutely no reason to sell it for less as a high grade low cost very large uranium deposit.
Once the feasibilty study is out and the additional high grade and very low cost pounds in 1 and 2 are drilled then any offer can be considered for the A1 low cost long term uranium mine in the world.
IMHO and a lot of the rest I read sometimes is noise and static. Perhaps there are very short term traders trying to jag a few points in the market that are posting.
EXT Price at posting:
$6.39 Sentiment: Buy Disclosure: Held
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