GREY:JNRRF - Post by User
Post by
megphion Feb 17, 2004 6:53pm
128 Views
Post# 7074191
Market Cap
Market CapMarket Cap on a fully diluted basis:
JNR $29.7 million (62,000,000 X $0.48)
UEX $38.4 million (120,000,000 X $0.32)
IUC $186.2 million (76,000,000 X $2.45)
If UEX is worth $38.4 million, then JNR is still extremely under-valued and would still be considered a great investmnet at its current price. In my opinion, JNR's properties have a lot more upside than UEX's properties, and our market capitalization will be reflective of that after the drill results are released.
Furthermore, after drill results are released, it will become apparent that IUC's share price and market cap have gone up substantially of late because of the outstanding progress happening at Moore Lake. Once this is confirmed, I believe that JNR's market cap should be at worst 1/4 of IUC's, and at best 1/3.
My point is that I believe we have the most upside of the publicly traded uranium companies and that our share price is still relatively cheap. JMHO.