The problem with your analysis is that the market doesn't work in the way you assume. It is predictive and speculative not just reactive. So the share price will rally way ahead of the actual turning on and construction of all the planned nuclear reactors. It will rally when the uranium price is likely to improve not just when it actually does. Canny investors know that the historical rallies in the company's shares are huge so there is the lure of the ten bagger and it's not fanciful - look at the trading history.
The Next Uranium SuperCycle, page-9
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$10.16 |
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Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
| $10.00 | $10.24 | $9.96 | $17.95M | 1.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5383 | $10.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.19 | 1000 | 1 |
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