GREY:BHNGF - Post by User
Post by
loparnon Apr 25, 2007 10:53am
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Post# 12671105
Pele is a GEM
Pele is a GEMwith an elevated uranium price for some years :
Assume a USD 115 uranium price, assume high costs 65 USD/lb (but I think they might be reduced)
Assume heavy stock dilution for CAPEX to 120 million shares from 80 million now fully diluted.
Assume production of 2-3 million pound/year starting 2010 or 2011, and USD= 1.13 CAD .
=> earnings around CAD 0.61-0.92 per share after tax.
With a p/e 10 you get a CAD 6.10-9.20 GEM 3-4 years potential, just for the uranium project.
Even with a lower p/e reflecting lower uranium price the potential would be extremely high.
This must be one of the biggest potentials for a near term uranium company with already known uranium resources, assuming such an uranium price.
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I have not included any value at all from the other projects !
I added some GEMs today at 0.85
