Post by
CanadaBck on Sep 11, 2024 2:34pm
20 Million Pounds in the Ground
Some 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.
Comment by
SmokeyOB on Sep 11, 2024 4:17pm
It is not that they have 20 million pounds or not, it is if it is profitable and that amount is not enough yet. that's why they need an extra lens.
Comment by
Greenday on Sep 16, 2024 1:08pm
Not sure if ISR mining is possible at JR but deposits of less than 20M lbs in the States are ISR mined.
Comment by
SmokeyOB on Sep 17, 2024 11:11am
2 billion over 10 years less costs means limited income per share. More U is required.