Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

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Message: Re: hole 187 is a game changer - Hathor resource = 58 Mlbs

Well, you did say guestimate so I'll take a stab.

Of course there are some important assumptions other than actually having 100m lbs. The grade of the material and also the price of uranium would have to match that of the Hathor sale and there would be other factors such as world demand and future projections at the time of sale.

So, my guestimate.

58m lbs (Hathor) x 1.73 = 100m lbs (FCU estimate).

So, $654m (sale price for 58m lbs) X 1.73 (increase in size) = $1.13 billion

Then, $1.13billion divided by 366,000 (approx. outstanding shares fully diluted) = $3.08 per share.

Remember, just thoughts here from a rookie.........

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