Nuclear Power, page-762

Because Paladin aside, Boss is the most richly valued of all the ASX uranium stocks. There's a reason for that (plant, uranium inventory, tier 1 location, excellent management, closeness to production, etc) but it will generally never push up as hard as others, and it does tend to fall a bit harder. It's an oversimplified metric, but remember that Honeymoon's current pre tax NPV is US$309M (A$443M) so the stock is already trading at 194% NPV. A much higher uranium price than US$65/lb is already somewhat baked in. You can anecdotally evidence this by the fact that all uranium bulls on both HotCopper and Twitter are adamant that U3O8 is going to be well above US$90-100/lb - and you guys are the ones buying the stocks. Not a sledge - I like this company at a much lower price - just an explanation for why these stocks have big moves but often fail to hold the ground (check the 12 month charts). Cheers