Good morning Uranium Stock Holders
Even there was no postings here for 5 years, VMY has not stopped its journey however.
It has raised capital, progressed with few studies and probably again looking for new capital.
Last few days the pendulum motion on stock price and high volume are very interesting.
Dr Tony Chamberlain, resigned as COO and joined the board instead. He has been the brain behind the project ?
Could be a warming up to step into role of MD with Mike Young’s departure or some thing different strategically following scoping study completion and Mulga Rock advancement.
Interestingly, the DFS study has stated NPV of $500 M, with the basis of market price of Uranium $60/lbs and spot uranium price is still less than $30 /lb . So would there be any magic expected ??
TradeTech$29.10 US$/lb February 07, 2019; UxC*$28.90 US$/lb January 28, 2019
Mulga being in WA, would the approval really be coming in near future ?
Project’s project AISC for Uranium is still much above than the spot price by company’s own projection.
What do you think folks? PEN is the only producer but is not flying either.
DNH
https://www.asx.com.au/asxpdf/20181213/pdf/4416gyhm9m6qv6.pdf
Even there was no postings here for 5 years, VMY has not stopped its journey however.
It has raised capital, progressed with few studies and probably again looking for new capital.
Last few days the pendulum motion on stock price and high volume are very interesting.
Dr Tony Chamberlain, resigned as COO and joined the board instead. He has been the brain behind the project ?
Could be a warming up to step into role of MD with Mike Young’s departure or some thing different strategically following scoping study completion and Mulga Rock advancement.
Interestingly, the DFS study has stated NPV of $500 M, with the basis of market price of Uranium $60/lbs and spot uranium price is still less than $30 /lb . So would there be any magic expected ??
TradeTech$29.10 US$/lb February 07, 2019; UxC*$28.90 US$/lb January 28, 2019
Mulga being in WA, would the approval really be coming in near future ?
Project’s project AISC for Uranium is still much above than the spot price by company’s own projection.
What do you think folks? PEN is the only producer but is not flying either.
DNH
https://www.asx.com.au/asxpdf/20181213/pdf/4416gyhm9m6qv6.pdf
Be the first to comment