The recent RCR Uranium Review has been hailed as the most bullish report by all the U fans, brokers and media, but have you all read it?
The following is quoted from the Review on the PDN share price valuation (page 29).
"Our NPV valuation is A$4.50/share (10% discount rate) with uranium price forecasts of US$103/lb in ’07; US$100/lb in ’08; US$100/lb in ’09; US$60/lb from 1Q10 to 4Q15, US$35/lb long term, and market valuation of the Mt Isa project. PDN's share price trades closely to its NPV valuation discounting the forward uranium price. Currently the forward price for uranium is around US$90/lb valuing PDN at approximately A$8.00/share."
PDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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