you would think, page-2

202120

but the thing is at what price would one bid ???

I think thats the thing !

I've been trying to think through the eyes of a running this as a u producer

and I still think it would be a better deal for all involved at present to mine.

Heres some quick thoughts I've been having !!

Raise a $1 billion build two plants and produce 20,000,000lb/yr ie 10mil/lb each

raise at $10share 100,mil shares would be $1bil

that would give 350mil of total shares.

now work out the payback and p.e. per share and divies

for divi's going forward need to subtract the $30/lb operation costs
Also things would be a bit bumpy for a few yrs till in full swing.
But once things settle and in steady state of operation

$30/lb to produce $70/lb sale
Also read $20/lb to produce in africa

I need to do some back of envelope number crunching to see what would constitute a fair offer.

But would have to be a lot more than todays price IMHO

whats your thoughts ??