Raymond James in March traget was CAD3.80 on a copper price of USD2.50 /lb
My own calcs which I have posted many times I have reviewed yet again and get AUD8.14 on USD2.50/lb and AUD10.27 on USD3.00/lb. I have valued the U308 only at 45c/share being the going rate of AUD12/lb however heaps of upside here as the stated resource is already JORC compliant and this will increase with further drilling. Also most is a byproduct so AUD12/lb could easily be pushed to AUD20/lb
I here also that splitting the uranium interests into a seperate company is a possibility.
i am holding for six bucks minimum, page-12
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