thoughts on indepenent expert report, page-27

champ
i have been looking recently trying to do some valuations, but its hard without details on Vburg. THe PE you are working out, is that on shares pre chinese placement or after. I suspect its pre and you may need to add a few 100 million shars to your calc.
also without further details on Rand uranium progress hard to say what cash flow will be going forward. add to that Ghana raising taxes from 25-35% for mining companies and there are a few unknowns

What I do know is if they had not bought rand uranium, it would be trading at least at 70 cents now, the ME mine is an absolute cash cow

It is worth a re look for sure and I think its still a good inv, just harder to work out value and risks, before it was straight froward - good luck and with a it more research i may join you