Total Resources Merrill Lynch report is weird .
Total Resources of Paladin :
https://www.paladinenergy.com.au/default.aspx?MenuID=16
I did some math.
If my calculation are good total paladin resources are 538,9 Mlb U3O8.
I think Uranium One was taken over at 10$/ pound of U3O8.
This gives a value of ~ 5 389 000 000 $ for Paladin
Then you substract the debt load of 1 205 000 000 $.
The final value is 4 185 000 000 $.
Finally , you divide by the share float of 837 187 808 .
It gives a value of $5,00 a share.