One thing for sure is that BMN is highly leveraged to the Uranium price.
An example to illustrate how leveraged it is:
If a average U price of $60 BMN is break even
- actual break even may be a little lower
i.e revenue covers capital + operation cost + financing
then BMN is worth nothing
but if BMN can sell its U uranium for just $1 more it makes $100 million more that all costs (i.e assumes 100pounds produced) which is a little more that current market cap
However if it can sell the U at $70 it makes $1 billion in excess of all costs i.e more than 10x current market cap
Now both scenarios are quite possible but the difference is huge from BMN being worth 0 to 10x its current value
I happen to believe a higher price in U is more likely at some point in time
Note: for simplification I have not allowed for dollar discounting of future profits - a detail model would really allow for a changing cost of prodn (uptrend)and changing U price it is most likely to have a uptrend
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Last
$2.74 |
Change
0.010(0.37%) |
Mkt cap ! $481.6M |
Open | High | Low | Value | Volume |
$2.73 | $2.80 | $2.70 | $1.473M | 534.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 416 | $2.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.81 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 366 | 2.730 |
2 | 5474 | 2.720 |
4 | 6368 | 2.700 |
1 | 7707 | 2.690 |
2 | 1372 | 2.680 |
Price($) | Vol. | No. |
---|---|---|
2.810 | 2500 | 1 |
2.840 | 3000 | 1 |
2.850 | 7000 | 2 |
2.870 | 10000 | 1 |
2.880 | 3500 | 2 |
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