Price target, page-36

I think it's quite likely this may reach $10. Every dollar increase in the price of U now is pure profits for producers now that prices are well well above costs. Price if uranium is only around $100 still, and inflation adjusted highs are $220. If the price of U doubles from here (which history shows is quite likely), you'd expect the price of BOE to easily double as well. However prices of mining companies are often leveraged to the price of the commodity, so we could easily see gains well beyond $10 IMO. Of course that assumes the price of uranium is going back to the highs, but considering how much money is being invested in new plants etc around the world I don't see why it shouldn't return to the highs.