Current market cap = 207m AUD$.Projected upside ~500%.Current...

Current market cap = 207m AUD$.
Projected upside ~500%.
Current price = 1,30 AUD$
Analysts price target = 3,7 AUD$
Analysts price target is 284% higher than today.



Using only Ross and Kendrick (under licensing process):

To calculate the market capitalization specifically for the Ross and Kendrick uranium deposits, we'll use the data from the image along with our earlier methodology.

Ross (Production Area)

• Resource: 6.4 million lbs U₃O₈
• Production Estimate: 4.1 million lbs
• Status: Fully licensed ISR production facility

Kendrick (Production Area)

• Resource: 19.8 million lbs U₃O₈
• Status: Next sequential production area, permitting in progress

Assumptions:

• AISC (All-In Sustaining Cost): $50/lb (as before)
• Current Uranium Market Price: $85/lb
• Contracted Price (Ross): $67/lb

1. Revenue Calculation

Ross Deposit Revenue

• Production Estimate: 4.1 million lbs
• Average Contracted Price: $67/lb
  • 4.1M × $67 = $274.7 million

Kendrick Deposit Revenue

• Total Resource: 19.8 million lbs
• Market Price: $85/lb
  • 19.8M × $85 = $1,683 million

Total Potential Revenue:

• Ross: $274.7 million
• Kendrick: $1,683 million
• Combined Total: $1,957.7 million

2. Cost Calculation (AISC: $50/lb)

Ross Production Costs

• 4.1M × $50 = $205 million

Kendrick Production Costs

• 19.8M × $50 = $990 million

Total Costs:

• Ross: $205 million
• Kendrick: $990 million
• Combined Total: $1,195 million

3. Gross Margin

• Total Revenue: $1,957.7 million
• Total Costs: $1,195 million
• Gross Margin: $1,957.7M − $1,195M = $762.7 million

4. Estimated Market Cap

• Applying a 20-30% risk discount to reflect development and operational risks:
  • $610–$760 million

5. Summary

• Ross Estimated Market Contribution: ~$70 million (small-scale production, partially realized revenue).
• Kendrick Estimated Market Contribution: ~$540–$690 million (significant future revenue potential).
• Combined Estimated Market Cap for Ross & Kendrick:$610–$760 million US$

This valuation assumes steady uranium market prices, production milestones being met, and no major delays in Kendrick's licensing and production commencement.



$610–$760 million US$ = 978 AUD$ - 1.218B AUD$

Current market cap = 207m AUD$.
Projected upside ~500%.
Current price = 1,30 AUD$
Analyst price target = 3,7 AUD$
Analyst price target is 284% higher than today.