re: one dolla Its still underprice given the basic fundamentals...

re: one dolla Its still underprice given the basic fundamentals for OMC. $1.00 per share is at least 100% too low...


Have a look at their current JORC resource of inferred 13.7million lbs - only two out of a possible 5 drill sites have been confirmed to state the 13.7 million JORC resource. This means that the upside of have more base resources are quite high.

Plus they have very low recovery costs which will only help their primary target of being a producer by 2008.
By then, spot prices will be around the US 120 - US 160mark - this should have an P/e ratio of around the 20 mark because it will be a producer of U308 within a 2 year period.

Cheers
D