Yes, saw that slide yesterday when looking at BMN. Market will be irrational for a while yet and not bothering with pesky facts like capex or production cost.
The capex to develop these projects does really stand out. If the market does really get going it will still be a long time before any of these projects get financing.
I bought into DYL at 30 cents and completely agree it shouldn't be trading where it is relative to others, though it does have that benefit of not being a leftover from the uranium bear market. VMY probably has one of the best mixes of opex/capex/management/jurisdiction.
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Last
3,294.5 |
Change
30.700(0.94%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,263.8 | 3,294.5 | 3,263.8 |
| XSO (ASX) Chart |