I found the following on another forum (experts, what is your opinion about these figures? Do you agree?!):
"just a few facts here ranger reserves 29m tonnes resources 102m tonnes Jabaluka reserves 67m tonnes ok what is uranium price $45 5m tonnes produced $50m last year (2010) ie 1 tonne produced $10 profit 5m tonnes produced $276m in 2009 ie 1 tonne produced $50 29m tonnes ranger's reserves are worth between $290m and $1,450m the company has $412m on its current account it has 102m tonnes as a resources Jabaluka is worth zero for now Market cap = $1.4 bn What do you reckon ranger is worth? we know there is zero debt $412 on the current account Ranger is probably worth about $800m (half the top price) so that is $1,200m only $200m to get to the market cap the 102m tonnes of resource would cover that easily what would that be worth? at least $800 m I reckon the stock is worth $2bn ok $2bn / 190m shares = $10.53 hey this stock is worth at least $8.50!!!! and what happens if it gets Jabaluka up and running the mind boggles".
2011-04-13
ERA Price at posting:
$3.53 Sentiment: Buy Disclosure: Held
