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

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Message: hole 187 is a game changer

My previous post says: "If FCU has a potential of ~100 Mlbs then a rough estimate would give 2 x $654M (price paid by Rio) = $1.2B, i.e. some 2 x current sp of 2.66 = $5.30/s. Sounds reasonable?".

So far so good, up to $1.2B, then something went wrong, $5.30 does not sound reasonable

Sorry folks I picked up the wrong number, the current sp is NOT $2.66, it's 1.66, hence 2 x 1.66 = $3.3/s.

If the resource estimate is ~150 Mlb then the sp would be in the $5 range using the Rio TO price as a guide.

goldhunter

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