4 Jan 2010: WH Ireland valuation $9.04 3 year target $13.88 25 Aug 2009: RBC Capital Markets valuation $12.00 5 Aug 2009: BMO Capital Markets NPV @ 10% $9.72
These are the most recent ones. There hasn't been much for a while - I think everyone is waiting for the next JORC upgrade in 2Q this year.
Two things to look forward to that will have a major impact on the share price:
(1) Announcement of new CEO in 1Q this year. (2) JORC upgrade in 2Q this year.
The JORC upgrade is likely to meet the targets announced 26 Oct 09 of an extra 185 to 285 Mlb. Based upon the drilling reports so far released, we have probably already made the low target and are well on our way to exceed the top target.
This will make Rossing South the largest uranium-only mine in the world. We will exceed everybody else with a high grade, easily and cheaply mineable resource. The best part, is that even then we will still have more than half the area unexplored so the scope for even further increase in resource size is huge.
EXT Price at posting:
$6.99 Sentiment: LT Buy Disclosure: Held
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