Accordingly to the Carmichel Research report on 31st May 2006 on...

Accordingly to the Carmichel Research report on 31st May 2006 on SMM *you can find this on SMM's home page under reports*


They had a price target of $3.35 based on a USD40 /lb price of U


Now i sorted it out, for every $2 increase, it equates to a 30cents increase in SP target of their research.

So say i gave a uranium price of USD80/lb, thats a $40 increase / 2 = 20

therefore 20 x 30cents = $6

therefore $6 + $3.35 = $9.35

Or roughly where all the other commentatories are talking about.

So for PDN to announce a hostile TO using scripts instead of cash

One would have to give into at least yes i say at least $10+

If it was cash, $9 id take it.


so the fact that they are bidding for at least IMO AND OTHERS AT LEAST 50% discount!!

u'll be a fool to sell to them folks.


this furthur confirms others suspects about a $10 price.

and who was satisifed with $4 anyways? i guess i would be if the U price was $USD44 /lb

but it aint its $USD85 / lb