ERA
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12.5% 3.6¢ energy resources of australia limited

new uranium mine to boost era , page-2

  1. spivver
    472 Posts.
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    11/04/13
    09:47
    Post #: 11630322
    I hold ERA,but you aren't going to see $20, or even $10 by year end.
    The deeps have an estimated 34,000 tonnes of uranium, at $50 a pound, it comes to a total of3.74 billion in sales.
    Divide this by the 560 million shares issued, and you end up with $6.67 total sales per share. Profit will be much lower than this.
    ERA Price at posting: $1.18 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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