'michael1979',
you totally missed the message,there's no predictions just a statement of fact.In basic terms the EV or value/lb,is value the 'market'puts on our 'in the ground' jorc recorded resource.Calculated as
v=SP X NO.SHARES/M/LBS RESOURCE.
=$.093X965MIL/35MIL/LBS
= $2.56/lb u3o8
Compare that to ,say, PEN which have similar grades and similar quantity, their EV IS @$5.00/LB
PEN is close to finalising all regulatory approvals,so $5.00 is justified.Plus very low capex & opex.TOE has still got hurdles to jump,hence the inbuilt risk valuation.
De risked TOE may well hit an EV of $5.00/lb or more
Read the post again, what I was suggesting is that compared to its peers TOE is undervalued
if you want to play around with a calculator to work out a SP using an EV of $5.00/lb the equation is
V x U/shares.
I don't make predictions, just observations!
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6 | 102623 | 0.190 |
2 | 10410 | 0.185 |
1 | 55555 | 0.180 |
2 | 68500 | 0.175 |
Price($) | Vol. | No. |
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0.200 | 26611 | 1 |
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