anthony75 - i think your intent is laudable - but not sure what...

anthony75 - i think your intent is laudable - but not sure what the logical driver is to justify saying the uranium miners are undervalued.

as i was outlining earlier - pdn loses money at current spot price let along contract price.

so on the face of it - its a bit hard to argue pdn is undervalued given its now what 50% higher market cap than it was 4 months ago or so.

dont get me wrong - im not saying pdn wont be worth more. im a happy holder and want it to go to $1+

but in terms of pure logic - i dont really understand your justification for what you have said.

if i went to you today and said ill give you $1 - and in return you said tomorrow youll give me 90c back (which is what pdn is doing atm with any capital put into the company) - would you pay more than $1 or less for it?

realistically this is all about hope, views on uranium demand, and greed too perhaps.

but logically its tough to see that the miners are undervalued until they are making money.

which i understand the industry as a whole - on average - will be doing until uranium price is above $US60/lb. though i couldnt tell you where i heard that - so take it with a grain of salt.