Refresher raises valid points - however, the market cap of CUY is very cheap - There are a number of other u308 explorers who have found nothing remotely economic and are sitting on larger market caps - futhermore there a number of other uranium explorers who have got some good grades or some historic resources, but may be years from production - if indeed they ever wind up producing at all.
Thirdly as pointed out CUY is aggressively engineering its operation towards production - in this context it is one of the most proactive u308 explorers to try to create near term value for shareholders -
Yes, Oban drill results need to remain positve - however there has not been one batch of drill results that have not been positive -
Finally, (and almost as importantly in my book), managment is confident - for most explorers, this wold be taken as given, part of the marketing spiel - however, CUY has one of the most impressive mangemnet teams around - what they say, you can trust - even down to those optional caveats about drill results, which other companies would leave out -they are the real McCoy. I have trust in these guys - something I bestow on an ASX junior extremely rarely
CUY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
