i buy as i see value

i assume :

1. Big fight for most profitable Uranium mine - will be dirty games ( anything from pushing sp low to direct treats)

2. I trust management as they hold and started the fight

3. Recent offers and acquisition confirm that US 50 per LB is approxmate cost of many new big world class mines ( KAH , BMN ) that include CAPEX + opex + acquistion cost ( avarage $10per LB)

4. Believe in U future and current weaknes is temprorary

5. Worst cast we still have 25% of 5mln LB production with lowest Opex and capex cost ( total $25per LB);

6. $30per LB is very very conservative profit , 25% stake , we make approx US 40mln EBITDA ;

7. Based on recent acquistion i think margin of US 40 is very well conservative and gives our ( worst case 25% stake) approx US 55mln EBITDA

we still do not know what is trully potential size of 4mile and some here say it is x2 or x3 of current size , thus may be 10mln Lb plunt is justifiaable ;

it all changes with 100% stake ;

all in courts and in the meantime SP can do anything by anybody for any reason;

wake me up in 2years