With a Market Cap at $16.8m (undiluted) I think at least $45-50m given the quality of the tenements and the number and size of the drill hits thus far.
I expect the 80m lb target prev stated would be the lower end of what it possible on this tenement. Paladin would not bother with this company if they did not beleive there was at least several 100m lb on site.
They should factor in the potential of the site in this takeover negotiation on price IMHO
With a Market Cap at $16.8m (undiluted) I think at least $45-50m...
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