Share
6,057 Posts.
lightbulb Created with Sketch. 8
clock Created with Sketch.
20/04/15
23:01
Share
Originally posted by slick239
↑
John Kyle averaged two methods, comparable sales and cost, to arrive at the $13.1 million fair market value for Hansen/TR. For the cost method, Kyle simply asked BLR execs how much had been spent on the project through 4/30/14, and was told $18.1 million.
For the comparable sales method, Kyle assumed a resource of 26.8 million pounds at a cutoff grade of 0.10%, as estimated and deemed to be economic by Tetratech. Kyle then calculated the total uranium owned by BLR (71.5% according to Kyle) to be 19.2 million pounds. He looked at three previous acquisitions of uranium juniors in 2012-2013 and one sale of uranium resource assets in 2012, disregarded the resource classifications and cutoff grades, and arrived at a acquisition value of $0.42 per pound. Using this method, Kyle estimated a value of $8.1 million.
The average of the two methods is $13.1 million, but neither method seems particularly accurate. And the valuation is nearly a year old (dated 4/30/14), further casting doubt on this estimated value of Hansen/TR.
Expand
Market Manipulation !
Take Special Note
Spot price upon the above averaged $13.1Mill valuation date of April 2014 was US$30.43 P/lb
Today's current spot is US$39.00 P/lb Up 28.16% in US$ terms.
Current Uranium Spot AU$50.16 P/lb or CAD$47.73 P/lb
Absolute scandalous whats occurring within the present trading of BLR & WUC
G64
.