4.50 My Estimated Sale PriceMy thoughts are we will prove up at least 100M lbs by end of year. I also think the bidding will take this to $12/lb - that's a total of $1.2B. I also think the exploration upside will justify a 50% premium to the $1.2B (i.e. in recognition of the strong probability of PLS containing at least 150M plus lbs). This takes us to $1.8B. Even if we allow for further dilution up to 400,000,000 shares this results in a price of $4.50/share (i.e. $1.8B/400M shares).
As shareholders I think the $4.50 range is where our expectations should be. I don't believe this is a stretch at all but am interested in other thoughts on this. Thanks