20 Million Pounds in the GroundSome analysts have estimated that F3 currently has 20 million pounds in the ground at their JR zone at PLN. If you were to extrapolate this based on the recent Paladin - Fission uranium deal, they are giving a value of $10 lb for uranium in the ground. Based on 20 million pounds, that's a value of $200 million dollars....or around $0.40 a share. Now, having said that, F3 still needs to do a proper resource estimate, but it looks to me that F3 is way oversold and undervalued based on their discovery.
BUY targets are currently at $0.60 from Red Cloud, $0.70 from Eight Capital and $0.75 from SCP.
With all the great fundamentals, it seems to me that F3 is a great buy.