BOE 6.13% $3.98 boss energy ltd

Voted most likely to succeed: Boss Energy, page-5

  1. 840 Posts.
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    For what it is worth, I read it as Boss being fully valued. That said, one should read (carefully) the September Quarterly Activities - 25 Oct 2023.
    In part, with my emphasis, "current life of mine at Honeymoon is based on just 50% of the existing JORC".
    Then, on the 15 Nov 2023 Boss reported that additional drilling was happening at Jason's, which already has a resource of 6.2Mt, with grades of previous drilling reported. This resource doesn't seem to have been included above. My take on the grades of at least some of the previous holes is, well PrettyFGood. Then there is Gould's Dam, previously drilled with some hits reported.
    None of this is advice and the company announcement should be read in full; the previous drilling may have been less focused and almost certainly partial in scope.
    Again, my take is Management tends to be quite conservative - see above "just 50% of the existing JORC." Or, there appears to be some scope for a resource upgrade. And then I can't really see anyone with an interest in uranium, and how the rational World sees clean energy, as truly believing the true price per pound, or the 'play dough' Spot Price staying close to $US80 per pound.

 
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