RE: News: Tigris Files Technical Report and Update
The lowest number I've seen used for in-the-ground resources of uranium for companies of this type is
.65 per lb of U3O8. Using only 30 mmlbs, it equals $19.5 million, or 32.5 cents/share when divided by 60 million shares. We're still around 15 cents/share cash-value with no work-commitment or such expenditures. Adding it up leads to 47.5 cents shareprice.
Obviously, we're not valued on basis of NI43-101 compliant resources, exploration potential, or management track-record. We're valued, it seems, only on the treasury, which is bizarre. With a shareprice of 18 cents, I guess you're buying uranium worth 32.5 cents a share for 3 cents a share, calculating current shareprice minus the cash/share. It's a sober view at it. All it takes from there is a bit of patience for the next event to create interest in the uranium companies.
I'd like to see some more babysitting of the shareprice. It's inevitable that companies in the New Mexico space merge. The layout of properties there have companies basically intersecting each other, so it's going to be necessary. We do sit on some cash that could help with acquisitions, but when it comes to mergers, a stronger shareprice is desirable, although it is possible independent valuations in such a scenario will apply a much different value to Tigris than what the market does at the moment.