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Re: TekNuLoof post# 12167

Tuesday, 05/15/2007 10:30:23 AM

Tuesday, May 15, 2007 10:30:23 AM

Post# of 44855
Guestimate RSDS Asset Valuation -- (.102 per share) from a layman's perspective...(updated)

The following valuation is based purely from semi-educated projections, using the geo information released in a previous PR by the company. Using the original 54 mining claims, and the minimum valuation given in this report, those claims, based on today's Uranium price of $120 lb. are worth $64,800,000.

In the same PR, Mr. Berman stated,

"The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days,"

I would assume that during the 90 day period of evaluation, the value of these claims must of had basis, as the company proceeded to confirm their value by purchasing another 150 claims in the same geographic area and also announced the commencement of mining to begin in May. To me this was a defining and very strong comfirment by Mr. Berman.

So with this knowledge, I am making an educated guestimate to determine a total value of the 204 mining claims baased on the value of the first 54 claims and knowing the addtional 150 claims are in close proximity to the original claims.

My guestimate:

1. Original 54 claims valued @ $64,800,000

2. $64,800,000 / 54 = an ave. of $1,200,000 per claim

3. $1,200,000 ave. per claim x 204 claims = $244,800,000 tot. claim value.

4. $244,800,000 tot. claim value / 50% discount to the market for sale potential = $122,400,000

5. $122,400,000 / 1,200,000,000 shares (guestimated final tally before 504 completion) = .102 cents per share.


So do I think RSDS is a strong buy? lol thank goodness I's got me sum mo Old Loofman Pure Kentucky Korn Licker to sell, so I's can git me sum more of them urnaniums!

jmo,
Loofman


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