re: up nicely today. calculations
From my previous post:
" then the deposit Insitu value will be Aus$8181.8 mill (US$42/lb and A=0.77) or based on their 188 mill shares, $A43.52 /share, a nice value but *not* incorporating Uranium price increases during the year.
+ + + What is forgotten that the Uranium price increases during the year could be good enough to hold the shares for, while waiting for approval.
One could get a 50 cents/week increase in the U price in the next 12 months or say US$26".
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Comment: The U price was then $42 and was a month later (11 June) $45, an increase of $3 per month or US$36 per year based on that month.
It seems we ought to get the abovementioned US$26 per year increase.
See what happens.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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