re: aim listing the rock chip sampling at bunaga showed up...

re: aim listing the rock chip sampling at bunaga showed up assays of 3.8% or 38kg/t of U308 so it looks like the grades are extreemly good and economically viable
I read one of their reporst previously that stated :
If the price of U remaied at US $20/lb OMC would still make $10/lb operating profit.

Now with the current price of U308 at $46/lb we are talking about an operating profit of US $36/LB.....
BASED ON 11 Million pound at an operating profit of $36/lb gives them 400,000,000 profit
Divide that by say 130 million shares give you a shareprice of $3.07 PER SHARE
If they increase their resource by 50% over other projects as mentioned in previous announcements then we are on a damn cash cow......worth the wait


I still think this one with around 18 months to go is undervalued based on their JORC compliant resource and grades....should be trading at around 90c even today ....but its all about timing and im sure the market will re rate it sooner rather than later....current price levels of 61c is cheap in the overall scheme of things.....cheers Jam