Most price to Sales ratios are about 3x Thus stock price should be 100x what it now is based on sales.
"Because the earnings of USU are not available, the Price to Sales and Price to Book ratios are the most appropriate valuation measures. Therefore USU seems valued at a discount with a Price to Sales ratio of 0.0273, one of the lowest in the Chemical Manufacturing industry, which is supported by a Price to Book of 0.0971 that is also among the lowest in the industry."
Note the earnings N/A...so you get the other side of the picture.
I tried starting a discussion about this last night but yahoo didn't like it for some reason. That $5.32 is based on 98, 120 machine cascades operating at full capacity right? What is the spot price of uranium in your equation?