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Don't believe the $23 lb price...that's just a traders/CFD price...

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Barneydebear

4,528 Posts.

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30/01/18

09:31

Post #: 30651214
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Originally posted by Benjamins ↑

For this project to work they assumed uranium price they are going to get of $60/lb. I wonder how they are going to achieve this considering current price of $23/lb. Perhaps they have a crystal ball and see prices much higher in the future. You never know but highly unlikely. I don't think I've ever seen a DFS assumptions so bullish and way above current market prices. Good luck all share holders

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Don't believe the $23 lb price...that's just a traders/CFD price etc and not applicable to end users.
You should watch a few videos of VMY...try the two diggers n dealer vids on you tube to understand this...
Barney agrees with bagman. The exchange rate is of concern as it's being very optimistic to suggest 70c!

VMY Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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