opinion & simple valuation - mtn., page-13

re: intrinsic value $6.74 (for long term holders) kalmsg.... just to put this in perspective.

For every dollar you put into SMM you will get $19.56 of uranium.
For every dollar you put into MTN you will get $88.72 of uranium.
For every dollar you put into Laramide (Canada) you will get $14.60 of uranium.
For every dollar you put into PDN you will get $3.77 of uranium.

Buying into MTN is like buying SMM when it was .15. (Wouldn't you like to have got in then? You would have quadrupled your money by now.)
OR
For MTN to be equal in price to SMM you would have to pay $2.40.
It has to go up from here particularly if you take in three factors-
1. the company's value in relation to other uranium companies in Australia.
2. the potential intrinsic value of the company if it starts earning.
3. The fact that it is in a uranium production friendly state....SA.