A question answered with a question? I haven't made a claim, you did, however - Simple FA EVM.
Even on a base price of Uranium at 37.50 and using a P/E ration of 18 (well below ERA's latest sale at 25) I can easily justify a SP in the $3 range. If you include Malawi (without the Vanadium) I can justify up to $4+.
But remember that great X factor - the U price.
Then you can add the smaller Vanadium, possibilities in Aus etc.
Now,back to you justifying your claim - what measures make this too expensive?
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