valuation, page-6

DD, Are you factoring in Rossing South?

I also think the spread of one supply of stocks to two market demands (ASX and TSX) has been underestimated. The free float of tradeable stock is already tight and I suspect will grow tighter.

I can't see too many of the top 20 selling out now so the supply for Americans/Canadians will have to come from the other 30% of shares. The TSX will be hungry for shares and they operate at a whole different scale to us.

I also don't see a placement in the too near future as they are cashed up with the 6 mill from Burnakura plus the existing 9 mill (approx).

I'd be happy to take part in a placement especially if it meant an accelerated and expanded exploration program including Uis.