ERA 3.13% 1.6¢ energy resources of australia limited

I hold ERA,but you aren't going to see $20, or even $10 by year...

  1. 472 Posts.
    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.
 
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