TSC 12.5% 0.5¢ twenty seven co. limited

attempt at resource valuation

  1. 449 Posts.
    I've been doing some calculations on the value of the resource. I'm not experienced at this sort of thing but the way I see it is:

    From the recent announcement, inferred amount of U308 is 2,700t

    2,700t x 1000 = 2.7 million kg U308
    2.7 million kg x 2.2 = approx. 6 million lbs U308

    price of U308 seens to be about $45 USD per pound - which is roughly $50 AUS per pound.

    Value of resource = 6 million x 50 = $300 million

    This seems pretty impressive to me for a company with $26 million market cap.

    From what I can work out there are 84 million shares on issue. Does this put share value at $3.57? Obviously not because there are production costs etc. - but then again, the full size of the resource is yet to be established.

    Any comments are welcome!

    I've made a few posts recently so I'm now going to lay low before I get accused of ramping!
 
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