Maths play time for speculationI count reported U308 at Langer Heinrich Mine - 75% ( counted only 50%) Kayelekera Mine - 100% Aurora Project - 100% and ignored all other resource including disregarding Inferred and non operating mines giving 192.8 Mlb of U308
Using June Qtrly avg sale price of Avg sale price USD$34.91/lb and Cash cost of production US$25.88
USD$6,730,648,000.00 =192800000*34.91 with cost of $4,989,664,000.00=192800000*25.88
Leaving PDN with (very roughly) $1,740,984,000.00 after costs even if prices don't rise shortly. Add in the "FY17 guidance being reviewed to consider changes to reduce costs levels substantially below prior guidance levels in the June Q"
Remove all debt and kitty still looks fine.
Above can be shot down by assuming cost will rise (over guidance and suggestions of Substantial reductions), U308 price will fall further (over almost all expectations we are at the bottom of the price cycle) or perhaps poor counting and multiplication by this black duck
Market cap share price look high or low is a matter for each to decide. With the price seeming to be at the bottom I added a few more.
Maths play time for speculation :) I count reported U308 at...
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Last
$9.83 |
Change
-0.330(3.25%) |
Mkt cap ! $2.940B | |||
| Open | High | Low | Value | Volume |
| $10.16 | $10.20 | $9.83 | $27.91M | 2.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15 | $9.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.90 | 470 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |