This is getting silly.
We're in a nervy market and clearly some PI's do not like the extension that MEY has adopted in order to conduct the necessary metallurgy to support a heap leach scenario that, in their recent statement, is the 'straight forward ... superior option' that 'shows positive economics'.
It's the absence of numbers that is clearly forcing some to capitulate, because any sell at under 10c is a capitulation.
If it's numbers you want, how about this -
We have 85Mlbs (and rising) uranium in Namibia - PRIME u308 real estate and the focus of many acquisitive eyes.
At current SP of 10c, we have a market cap of US41.7m, which values our uranium at US$0.49/lb
49 cents per lb, when the industry mean is 8-9 times that figure at $4-$4.5/lb
Don't know about you, but I can wait another few months for the metallurgy.
short sighted
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39.5¢ |
Change
0.005(1.28%) |
Mkt cap ! $121.8M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 39.5¢ | $418.1K | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12818 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 8777 | 1 |
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