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Gold/Mining/Energy : Uranium Stocks
URNM 55.92-1.2%Dec 26 4:00 PM EST

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To: energy_investor who wrote (10376)4/23/2007 2:38:59 PM
From: AuBug  Read Replies (3) of 30238
 
It seems to me this NPV approach assumes that one can snap their fingers and all the metals buried in the earth pop to the surface refined and ready to sell. I don't think so. Mr Market says URZ is worth $275 million today, not the NPV value of $1.2 billion. I think that Mr Market is being overly generous. If we take your 16 million lbs-U and divide it into the mkt cap it says Mr Market is paying $17/PITG. That's double a reasonable valuation.

When this market starts correcting it's going to be fast and furious.
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