risk vs reward

HI all ...I do hold ppaaaaaaaaaaatiently...this is just to remind myself of why I do ...

Total no., of shares = Around 80 - 85 mil
Jorc Report CUY came out with last year? = 2100 tonnes

2100 tonnes x 2133 = apprx 4.5 mil lbs of u308

Cost of extracting U308 = maybe 25- 30 USD per lb ( I know the devil is in the detail ..but trying to jog my memory based on conv., with BOB and the other ISR material I read before this is an estimated figure)

Contract prices (At present) per lb = $ 58 -60

MArgin = $30 per lb estimated

$30 perlb x 4.5 mil = $145 mil ( is this correct?)

145/ 85 mil shares = 1.70 per share based on JORC ( which is on record)

This is assuming that they solve the problem of ..."the gravy's come back but there's no meat in here" . Let's say they cant find the meat even in two years time and/or they run of the $3 mil ...or... both the PHDs get sacked or move on ....worst case scenario would be CUY gets taken over by AREVA ( they are next door) for a lousy 3- 4 mil ...hopefully our shares will still be worth 4- 5 cents ( YIKES :))...So someone buying in now at the bottom at below 20 censt say has a chance of either 50 - 60% of capital OR make a 700- 800% return .....

AND the best case scenario DOES NOT include

1) The coming perfect storm of U308 supply - demand gap of 2013
2) More discoveries within the tenements...remember this land is one of the MOST u308 rich areas in the WORLD ( Have i gone too far :) )

As an aside KEPCO honchos were in OZ a few months back looking to source more u 308 ...WHO were they in talks with?? ( THis is just Tabloid stuff ...I read it on HC )

THis post was just to stimulate discussion for the LONG weekend...Plenty of holes to poke at in the above calc.,s .Would appreciate if someone does!!!rgds