excellentnow that's what I like about a strong management.
Good update and better than expected news with reduction of costs
I come up with 453,000 oz of AU and 4,001,000 lb of U3O8 by 2009, less than 2 years away.
Let's see...
At gold 900$ (at least by then, using 100$ per year) and U3O8 125$ (at least by Leeward Hedge Fund) and operating costs of (assumed) 250$ & 20$ respectively....using CAN$ fo 0.88$...
I get gross cash flow of:
812 million CAN $
hummmm
now that's what I call under-valued