Bobby,There is also this RBC valuation (14/3/11)which I posted...

Bobby,

There is also this RBC valuation (14/3/11)which I posted last week.
Below is an exert from the earlier post showing EXT valuation relative to Price of Uranium.

This is post the Japanese tsunami.

I do not know if this includes any premium due to the Chinese negotiations.

"Sensitivity to Uranium Prices"

EXT

Price (March 14/11) A$9.81

RBC CM Fcast A$10.59

US$50/lb A$6.25
US$55/lb A$7.58

US$60/lb A$8.89 (I think this is roughly where we are at the moment)

US$65/lb A$10.21
US$70/lb A$11.51
US$75/lb A$12.81

US$80/lb A$14.12 NB: This is where RBC see the price of Uranium for 2011 (see below)

RBC CM Uranium Price Forecast:

2010A 2011E 2012E 2013E - 2020E Lgterm
$46.46 $80.00 $100.00 $80.00 $55.00