Thursday, May 24, 2007 11:20:39 AM
The following valuation is based purely from educated guestimate projections, using the geo dd 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 $125 lb. are worth $67,500,000.
So with this knowledge, I am making an educated guestimate to determine a total value of the 254 mining claims baased on the value of the first 54 claims and knowing the addtional 200 claims are in close proximity to the original claims.
My guestimate:
1. Original 54 claims valued @ $67,500,000
2. $67,500,000 / 54 = an ave. of $1,250,000 per claim
3. $1,250,000 ave. per claim x 254 claims = $317,500,000 tot. claim value.
4. $317,500,000 tot. claim value / 50% discount to the market for buyout potential $158,750,000
5. $158,750,000 / 1,500,000,000 shares (guestimated final tally before 504 completion) = .106 cents per share.
Is RSDS is a strong buy? I think it's a Uranium HOT strong buy! Now let's see the market verify this!
jmo,
Loofman
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