paladin book build 1.14 - 1.19, page-21

Trent
I.don't hold a present( although I am trying to decide whether to buy)
I think using your numbers of cost, which I assume are production costs, and once you add in corporate costs and Finance costs with current Uranium price the margin if pretty skinny. I agree that if the U price was 80 then PDN is a steal but the reality is your price projections of 80 are simply that projections , so I think in working at whether PDN is a good buy one needs to use current prices.
What is challenging as I see it is an lowish margin with a lot of debt. I think one needs to fo a detailed analysis of the cashflow numbers to convince themselves there is enough cashflow to cover debt repayments and corporate costs .
I am not suggesting it's a sell but using previous share price vs current prices to determine whether it's cheap is wrong .I think what is needed here is some detailed number crunching
Good luck to holders.