This should make some feel better - RBC 14/3/11:"Given the...

This should make some feel better - RBC 14/3/11:

"Given the recent drop in uranium share prices as a result of the earthquake
and tsunami in Japan, we have calculated NAV sensitivities at various
spot uranium prices flat from 2011 onward.

Extract Resources Limited (ASX: EXT, A$9.81;
Outperform, Speculative Risk)

NAV 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
US$65/lb A$10.21
US$70/lb A$11.51
US$75/lb A$12.81
US$80/lb A$14.12

RBC CM Uranium Price Forecast
2008A 2009A 2010A 2011E 2012E 2013E - 2020E Long-term
$63.03 $46.66 $46.46 $80.00 $100.00 $80.00 $55.00

In the near term, we think investors will prefer stable producers with
solid balance sheets and price protection."