re: valuation of smm? / some preliminary numbers I can only look...

re: valuation of smm? / some preliminary numbers

I can only look back and laugh at this... thanks to Goblin for bringing it back to earth.... not

For interest sakes, the price back then was 8... yes 8 cents....

I got 250k around 5 and there were only a couple of other brave souls.

Im out now though.

Last sold at 68c.

ha.



Subject outside interests
Posted 23/09/04 09:17 - 46 reads
Posted by dartboard
IP 144.139.xxx.xxx
Post #373088 - start of thread - splitview


This one hasnt moved on volume for quite a while but the last 3 days has seen 30-40% fluctuations on 500k-1.5M daily volumes.

If it is just a rerating because of the Uranium factors (world deficit of around 30% of production being serviced by stockpiles - eg Russian/American weapons grade material) then the resources as Valhalla (valued at $1B in the ground) could be worth something to a long term acquirer. (just see Paladin)

Dont expect any movement on a production front for 5-8 years though (need both Liberal state and Federal govs to achieve approvals).

Worldwide U mining is a long term game (25 year supply contracts and the like) so locking this up today may not be a bad idea.

A value? well PDN is a $150M company and will be in production in 3 years. The resource is also slightly larger.

A value for SMM? Lets say $40M. (Compounded over 10 years at 15% that gives $160M)

So today? A value of 15c a share perhaps.






Voluntary Disclosure: Position Sentiment: Hold TOU violation






Subject re: outside interests
Posted 23/09/04 09:25 - 42 reads
Posted by Goblin
IP 138.217.xxx.xxx
Post #373095 - in reply to msg. #373088 - splitview

DARTBOARD,

Are you trying to assign a value to uranium that can't be mined for 8 years!!????


Everyone will want to bail now.......lol
***************************************
*******Sheik Bullmore Gandhi Goblin The 1st*******
***************************************