Assuming they can get 150 mill lbs in a year's time (And they are well on the way),
then the deposit Insitu value will be Aus$8181.8 mill or based on their 188 mill shares, $A43.52 /share, a nice value but not incorporating Uranium price increases during the year.
+ + What is forgotten that the Uranium price increases during the year are good enough to hold the shares for, while waiting for 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 $A88.31/lb, or a sum total of 13246.5 mill or based on 188 mill shares:$A70.47/share.
Of course I am talking about Insitu values, but rest assured there will be enough left after production.
SMM could be one of the most valuable stocks to have ($1.51/share), assuming uranium is getting more expensive as it is, sofar.
Subject to audit,
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: None Disclosure: Held
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