If you look at most of these small and mid sized exploration companies most have not begun to mine. This is what Berman is pursuing. As it stands the value of these assets may be as much as $160 million on the surface. When Berman is finished it may be a 1/4 billion +......this is a rough guess and this is on the surface. We don't know what these mines may yield? Could be much more. This is one to accumulate and hold. It will only increase in value over time.
In addition to this I believe the more he accumulates the more and more likely the company will become a target for a buyout. If the Geologist surveys conclude with positive results and the test confirm that all that Uranium is there buyers will be lining up. This will take time to get all the test results. Berman has to be pretty confident. The geologist he is using came back with really positive results on the first 54 mining claims estimating the value at $38mn and this is a surface guess and this was before the prices of Uranium accelerated.
Russel is a holding company and even so Berman is playing this smart. He can sell when the company is ripe or subcontracting to get the Uranium out. He has several options. When he gets confirmation on the test this will be hotter than owning any gold mining company.
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