Some basic analysisTubas and Tumas tenements Namibia have an...

Some basic analysis

Tubas and Tumas tenements Namibia have an historic NON-JORC estimate of 18,000 tonnes of uranium

Aussinanis tenement Namibia of which only 25% was drilled for an historic NON-JORC estimate of 7,000 tonnes, so if 25% has 7,000 tonnes then we assume 100% equals 28,000 tonnes (ie. 4 x 7,000)

So 18,000 tonnes plus 28,000 tonnes equals 46,000 tonnes in total based on historic drilling which is NON-JORC

Now from DYL's June 2007 quarterly activities report they state that based on their own drilling to date in Namibia ".... uranium assay results are almost 50% higher (than historic drilling) "

So 46,000 tonnes plus 50% increase = 69,000 tonnes

69,000 tonnes x 2240 pounds to the tonne = 154.5 million pounds of uranium

Now with 1,200,000,000 shares on issue @ 30 cents each equals a market cap of $360 million, less cash on hand of $63 million equals net $297 million

so the 154.5 million pounds of uranium is worth $297 million at around current prices, that fellow investors puts a value of $1.92 per pound of uranium in the ground

yes you can presently buy Deep Yellow for less that $2 per pound of uranium based on the above assumptions

Oh yes and Deep Yellow have $63 million in cash in the bank which will be spent proving this valuable resource up to JORC