when 779 m shares achieved , sp at least 15c.

Great post from Ozelectro, well done!

Current SP is 3.8c, 240m option exercised at 8c, 779m shares means SP is at least much more than 8c.

10m JORC, 30k tonne production/month, Once 30Kt produced per month, of course we can expect the production will be increased to 50kt-150kt/ month in no time. (Commonsense)

Say, 100k tonne per month, 1.2 milllion t/year. $80/t net profit= total $100 million profits * 51%= $50m

=6.2c EPS, Fair SP should be 62c.

at 50kt/ month

=3.1c EPS, Fair SP should be 31c.

Plus, 240m option exercised= $20m cash on hand.

Say $20+20= $40million cash invest in USA U3O8 projects, SP should be doubled straight away.

Once 779m shares issued, I give 75% off, work out SP 15c/share.

What if the JORC returns total 100mt+ MnO2 in place?

SP $1.00 is still possible IMV.

good luck