EXT excite technology services ltd

institutional interest growing, page-9

  1. 4,582 Posts.
    Here are their estimates til 2014. They estimate a price of US$50 in 2014 which is when they estimate EXT will have ramped up to full production.....

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    Figure 6: DB Uranium Term Price (US$/lb) and AUDUSD forecasts

    2008 2009E 2010E 2011E 2012E 2013E 2014E
    Uranium 69.2 68.8 80.0 70.0 65.0 65.0 50.0

    AUD:USD 0.85 0.76 0.78 0.76 0.74 0.74 0.73

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    Can anyone tell me why they would have a HOLD recommendation on EXT when their 12 month price target (A$7.50) is less than when they published this report (A$8.13)??


    Cheers!

 
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