$14/share x 1.37 = $19/share is my valuation on the present resource. Add maybe another 30% approx June next year after the current exploration is finalise, calculated & released.
See where the $14 came from below & add 37% increase from the latest upgrade. I know its a rough calculation but it seems like a sensible guess to me.
Thats based on $7/lb in ground value, if you want to go as low as $5/lb in ground then you end up at a present value of $14 after the latest upgrade.
BELOW - From my previous post 6816755 9/6/2011
As someone said 89% of EXT is held by the top 20 share holders, so any final price, if there is one, will be decided in a few board rooms BUT a ball park valuation based on the Chinese offer was $10-$11 per share. With a 33% resource upgrade now, does that mean the ball park is now $13-$14 ? (500 000 000 lbs x $7/lb in ground value = $3500Mil / 243Mil shares = approx $14/share)
EXT Price at posting:
$7.26 Sentiment: LT Buy Disclosure: Held
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