I was lazy to show a real value for GGG so i thought i better do a better fundamental analysis.
GGG Resource states their resource has 229 million pounds of U3O8, 988,000 tonnes of rare earth oxides and 1.3 million tonnes of NaF.
I will not value the uranium in their site since uranium...
Resource upgrade of inferred Resource of 338Mt at 0.031% U3O8 inclusive of 90Mt at 1.09% REO and 79Mt at 1.69% NaF (150ppm U3O8 cutoff). REO and NaF resource size currently constrained by incomplete chemical assays only.
Which equates to 229 million pounds of U3O8, 988,000 tonnes of rare earth...
Re: FWL - Ferrowest Limited
IMHO fundamentally fwl is still very undervalue. With an EBITDA of $A125 Million per annum at .5 Mtpa for the first 5 years, then ramping up to 1Mtpa for an EBITDA of $A169 Million per annum.
That's $A125 Million EBITDA per annum, after deduction of operating...
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