VMY 0.00% 19.0¢ vimy resources limited

exploration targets of 7,600 to 13,000 tonnes , page-15

  1. 1,149 Posts.
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    I am not so sure we should be jumping on REE band wagon, and I think EMA is one of the few U stocks that thankfully hasn't overdone this pitch.

    It is almost impossible to have U and not at least some REE. So all U companies who are running around sticking images of hybrid cars on their web site, will have take them off in the near future IMO.

    REE market worldwide is only 1.5 billion and it is a bubble IMO. Uranium will be huge.

    We should concentrate on the main gain, learn how to extract the U from lignite and convince the market this is do-able. Once this is done and court case is resolved, we should see re-rating as we have one of the few significant deposits. Finding more U in sandstone is handy too.

    I am not into U stocks that only have 5-10 Mlbs. 40-50 Mlbs is where the real action is. There are only a few that fit the bill.

    Cheers

 
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