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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: AuBug who wrote (10626)	4/23/2007 4:31:56 PM
From: energy_investor	Read Replies (2) of 30240

DJ, You are joking right? Valuing a company based just on lbs in the ground irrespective of how close it is to production doesn't make any sense. URZ is probably just a couple of years away from actually producing yellowcake. At current spot prices they will be able to sell their uranium for a * profit * of above $80 a pound -- yet your methodology would only assign a value of less than $10 per lb. In this case, Mr. Market has got it right! In the case of a company such as WUC, I agree with your approach because all they have at the moment is uranium in the ground. However, if and when they decide to advance their uranium towards actual production I would want to modify their valuation to take account of their increased chances of turning that uranium into cash. Cheers Energy_Investor

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