resource lb valuation, page-7

ultimately company will not be valued from in ground resources , like all companies it will be valued on earnings and the associated growth on earnings . mine life looks well established with a minimum 20 yr go at projected production . 750k lb annually is AGS projected share . using spot we have 30usd lb margin and long term contracts approx 50usd margin. prices paid for this open to conjecture atm . so im willing to average out to 40usd margin . projected production needs a discount as well to allow risk . lets say 600k x 40usd gives 24 mill usd (30 mill aud ) . not really sire what earnings multiple to put on something like this but i will use 10 for this example . 300 mill gives me a share price of approx 90c . no funding risk anymore . the more i look at it the less i see in it . it it gets to a buck i will be surprised now . anywhere around 80c and im out again


............ the usual