skys

That was my thinking, too, but I wanted someone to spell it out for me since I was surprised that they used that language. A bit reckless on their part, I think.

The grades you note are enormous, that's true, and will result in lower costs per pound to mine and more profit per pound. But we can't expect much more than 6 million pounds per mine at the high end for each pipe that proves itself. So, even with such high grades I think our share price will move only a buck or so per proven target, and about 4 bucks or so per each permitted mine. Even the really low cost near term producers (ISL miners) were never valued at much more than 10 dollars per pound in the ground back in the spring of last year. I think companies like URZ will have about 20 dollars per pound in cost once they're up and running, and that 10 dollars per pound valuation will jump considerably. Same is true for us.

So, I'm looking for a dollar a share if we actually hit a target, 4 if a mine gets permitted, for each pipe that proves itself (if we get really lucky).