MC of $30.78m (USD32.5m). 119m JORC compliant reserves.
Buy it: USD$ 0.27 / lb.
Build it: CAPEX USD$870m = USD$7.31/lb
Run it: OPEX = USD$41/lb
All for a grand total of USD$48.58 /lb. With a spot price $48/lb and a LT contract price: $60/lb (or thereabouts). And that doesn't increase by much as you pay multiples of the current sp. Even if you paid $1 per share you still get a price in the region of USD$51/lb.
Depending on your view of, amongst other things:
- the sustainability of Japan and Germany's ostensibly populist u turn on nuclear energy
- the rather murky world of global supply and demand of U308 (impact of conclusion of megatons to megawatts, India / China / Middle East pipeline demand, etc etc),
- the increasing importance of and focus on energy sovereignty (being brought into sharper focus by world events -today's riots in China over the face off with Japan re ownership of a potentially oil rich set of islands being a good example),
there is an argument to say that BMN is worth a look (notwithstanding the well documented and debated company risk borne of a fairly average management performance). Pretty big punt I agree but perhaps the upside is starting to look more attractive relative to the downside. Most of us look at this on the basis of whether it is a profit making venture but what price would you pay to solve a critical issue such as energy sovereignty. It might well be that an India or a China or other nations with nuclear ambitions simply want to lock down future energy security and if the deal wipes its face financially then maybe that is a bonus ? That amounts to free energy security. Food for thought.
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Last
$3.71 |
Change
-0.030(0.80%) |
Mkt cap ! $567.0M |
Open | High | Low | Value | Volume |
$3.72 | $3.83 | $3.71 | $2.398M | 642.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 32245 | $3.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.74 | 300 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2876 | 3.710 |
4 | 5837 | 3.700 |
2 | 10000 | 3.660 |
2 | 1095 | 3.600 |
1 | 7850 | 3.580 |
Price($) | Vol. | No. |
---|---|---|
3.740 | 300 | 1 |
3.820 | 4000 | 1 |
3.830 | 8488 | 3 |
3.890 | 192 | 1 |
3.900 | 2775 | 2 |
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