B and C class shareholders are selling out. They know it is overpriced. On PE of about 70 [8)][:0]
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B and C class shareholders are selling out. They know it is overpriced. On PE of about 70 [8)][:0]
I am :D I got in at $3 and still think it has more to go,once MINING stops and stockpiles are treated till 2011 the royalties stop the fate of Jabiluka rests in the hands of 1 women and 3 children their 4 Wheel Drives will run out of petrol and will give the go ahead and I am talking of first hand experienceQuote:
quote:how come no one is interested in ERA? ok
cheers laurie
the way i find ERA interesting is that if i value it purely based on its Jabiluka mine, putting ZERO value on its current operation, i have these figures:
EV/reserves: US$13.0/bl;
EV/resources: US$10/bl;
EV/reserves+resources: US$5.7/bl!
same valuation put on SMM, its EV/resources:US$1.9/bl
yes, ERA's valuation is 3X more than that of SMM, but SMM owns 43M bl of U (0.127%), and its deposit is still classified as resources only. ERA, on the other hand, has RESEVES of 157M bl of U (0.51%)+ resources of 203M bl of U (0.54%), together 360M bl of uranium.
ERA has 8X more deposit with much higher grade, i don't think its higher valuation is unjustified. Jabiluka is a world class uranium mine, so huge and important to the uranium industry in australia that govt can't afford to ignore.
anyway, that's how i see ERA, not from an angle of current operation (so i don't care about its PE) but from the depsoit it holds. Of course. if the market doesn't see the company as the way i see it, my analysis is pointless. After all, market always has the final say!!!
Totally false!! ERA has commissioned a water filtration plant to over come that what comes out of that plant is better than that you are drinking from your tapQuote:
quote:Contamination of Mageela creek is a real concern and contamination of about 1/3 of the Kakadu Flood plain
But is that not what most exploration resource companies offer..Quote:
quote:With ERA you are gambling on whether Jabiluka will or will not be mined.
cheers laurie
fickleQuote:
quote:the way i find ERA interesting is that if i value it purely based on its Jabiluka mine, putting ZERO value on its current operation, i have these figures:
You cannot put ZERO value on its current operation because it will be used to process the Jabiluka ore it's only 30km away from the Ranger Site
cheers laurie
putting zero value is just being prudent. my figure is conservative then.
i'm no expert in mining.
yes, my point is exactly that investing in any uranium exploration companies is essentially gambling that one day their deposits will be mined. then, why not choose the biggest and highest quality mine?
Rupert, Yet again another comment showing your true 'Green'colours.Quote:
quote:Originally posted by rupert
ERA's Future relies pretty much on Jabiluka.
Contamination of Mageela creek is a real concern and contamination of about 1/3 of the Kakadu Flood plain. This may or may not be mined.
With ERA you are gambling on whether Jabiluka will or will not be mined. There is a very real chance that it may never be mined.
Laurie seems to have a pretty succinct reply to this statement. ?????
Well said fickle mark my word Jabiluka WILL go ahead WHYbecause ERA supplies power to Kakadu from it's own power station and the N.T. Goverment would have to spend many million of dollars to get a line in from Darwin for 2000 people!! guess what? National Parks refuses to allow a power line into Kakadu lol go figureQuote:
quote:why not choose the biggest and highest quality mine?
cheers laurie
cheers laurieQuote:
quote:During 2004 ERA paid $8.1 million in royalties from the Ranger operation to the Commonwealth Government. This money is ultimately distributed to Northern Territory-based Aboriginal groups, including the Traditional Owners. Additionally ERA paid $2.4 million in royalties to the Commonwealth Government for distribution to the Northern Territory government during 2004. Ranger has paid a total of $207.7 million in nominal terms in royalties since the project began in 1980. In net present value terms (i.e. taking into account inflation, plus a ten percent discount rate) this is equivalent to more than $1 billion. In nominal terms, ERA has paid $202.8 million in income tax in the last ten years alone. ERA has also paid $9.86 million in payroll taxes over the past ten years, in nominal terms. ERA is a significant employer in the Northern Territory with an annual payroll, including contracts for services, of $45 million. ERA is the dominant contributor to the Alligator Rivers regional economy, employing more than 300 permanent full time and fixed term contract staff. Many more contractors, sub-contractors and local businesses are also dependant on the company’s business.. As at April 2005 ERA employed 37 Indigenous staff, (including four Aboriginal Trainees). There were a further four Aboriginal people employed under a Community Development Employment Program (CDEP). The company had an Aboriginal participation rate of 11.5 percent of its permanent full time and fixed term contract workforce. The company has provided much of the infrastructure for the town of Jabiru, the main service centre for the Kakadu National Park. The company is working with Aboriginal groups in the region to identify further employment and entrepreneurial opportunities. The company is also working in partnership with other stakeholders through the Jabiru Region Sustainability Project to build a sustainable future for people in the area.
Quote:
quote:Originally posted by laurie
cheers laurieQuote:
quote:During 2004 ERA paid $8.1 million in royalties from the Ranger operation to the Commonwealth Government. This money is ultimately distributed to Northern Territory-based Aboriginal groups, including the Traditional Owners. Additionally ERA paid $2.4 million in royalties to the Commonwealth Government for distribution to the Northern Territory government during 2004. Ranger has paid a total of $207.7 million in nominal terms in royalties since the project began in 1980. In net present value terms (i.e. taking into account inflation, plus a ten percent discount rate) this is equivalent to more than $1 billion. In nominal terms, ERA has paid $202.8 million in income tax in the last ten years alone. ERA has also paid $9.86 million in payroll taxes over the past ten years, in nominal terms. ERA is a significant employer in the Northern Territory with an annual payroll, including contracts for services, of $45 million. ERA is the dominant contributor to the Alligator Rivers regional economy, employing more than 300 permanent full time and fixed term contract staff. Many more contractors, sub-contractors and local businesses are also dependant on the company’s business.. As at April 2005 ERA employed 37 Indigenous staff, (including four Aboriginal Trainees). There were a further four Aboriginal people employed under a Community Development Employment Program (CDEP). The company had an Aboriginal participation rate of 11.5 percent of its permanent full time and fixed term contract workforce. The company has provided much of the infrastructure for the town of Jabiru, the main service centre for the Kakadu National Park. The company is working with Aboriginal groups in the region to identify further employment and entrepreneurial opportunities. The company is also working in partnership with other stakeholders through the Jabiru Region Sustainability Project to build a sustainable future for people in the area.
An example of where other exploration/mining companies can work a win-win situation with local aborigines, greenies and the local population in general.