PDN has stated in its quarterly that it has upgraded its forecast production from 2.6 to 3.6m lbs. Uranium prices have moved from US$80 to US$120/lb
Quarterly production so far is 400-600,000 lbs
work that revenue out at btn 48 and 72 million
Forecast revenue for the next 4 years is $3.5 billion
I would not be backing this one down !
Once direction reverses, SMM bed-down or not, this is a $15 stock
It is also a vulnerable company to global majors - don't lose sight of the fact that our market in Aust is tiny and there are big fish out there who will be running the numbers on Paladin right now.
For instance Areva (one we are becoming familiar with) employs 60,000 staff and has annual sales of US$10 billion.
regards
rockford
massive revenue
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