My calculations are for a $40 / pound U3O8, Imagine now with a price of $ 60/pound. You multiply all my examples by 1.5 (60/40) = 1.5. The analysts of uranium price forecasts for 2013 ranks from $ 45 to $62.60 a pound according by a survey Conducted by Bloomberg news.
2013 Uranium Price Forecast...
https://www.miningfeeds.com/2013/01/08/2013-uranium-price-forecast/
Look this chart
https://www.prospectingjournal.com/the-uranium-supply-crunch-strong-demand-spurs-exploration-in-the-athabasca020312/
HAT Roughrider Project..29 000 tons/U308 = 58 000 000 pounds (58M) of U308 graded at 11.58%. Value 2 Billions.
Cigar Lake project...103 000 tons/U308 = 206 000 000 pounds (206M) at an average grade of 18.3%. Value over 8 Billions.
Mc Arthur project... 228 500 tons/U308 = 457 000 000 pounds (457M) at an average grade of 16.89% U3O8. Value over 12 Billions.
Key Lake project..98 000 tons/U3O8 = 196 000 000 pounds (196M) at an average grade of 17.4%. Value near 8 Billions.
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Possible takeover by one of these companies, many choice..Cameco, Areva, Kazatomprom, Rio Tinto, ARMZ, Uranium One, Navoi, BHP Billiton, Paladin, Sopamin, AngloGold, Denison, Heathgate, Mestena.
Exemple, if PLS is a next Cigar Lake project, calculation...
$8B/2 (FIS-AMW) =$4B/160M (share outstanding+warrants)=$25/share. Half of Cigar Lake, therefore $4B total?... $4B/2 (FIS-AMW)= Value of $2B/160M=$12.5/share...and just 1/4 of Cigar Lake projet now? $1B/160M= $6.25/share.
David Talbot, Dundee Securities on the FIS website, you read...
"This is a potentially large, high grade, unconformity style, basement hosted uranium deposit - much like Roughrider, Millennium or Eagle Point Mine."
https://www.fission-energy.com/s/pattersonlakesouth.asp
If PLS is a next Roughrider? The total value at 40$/pound U308 is 2 billions..(58M pounds). $2B/2 = $1/160M=6.25$/share. With the price of $60/pound U3O8? You just multiply 6.25$ x the factor 1.5= $9.375.
And just imagine now if PLS is a next Mc Arthur (P2N) mine with in the ground 457M pounds/U3O8. The total value of this mine at 40$/pound U3O8 is 16 Billions. Not 1.5, mistake.. but 2 times the Cigar Lake value. Suppose if we have a next Mc Arthur mine with PLS this is a 50$/share with 160M outstanding share.