Kahuna - indeed, you're right. PDN for example did a capital raising just over a year ago and that would change the chart.
I guess one would need to do a chart of the uranium spot price vs the market capital of miners to see exactly what is going on.
I still think the U3O8 vs URA (being a fund of miners) would be the best proxy for trying to prove my theory that pricing of miners is seriously lagging the price of uranium.
Also, like you say, the companies have changed. Most miners now are mining for a lower cost per pound than pre-Fukushima.
Anyhow, just some thoughts to ponder over the weekend...
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Last
$7.47 |
Change
0.590(8.58%) |
Mkt cap ! $2.234B | |||
| Open | High | Low | Value | Volume |
| $7.09 | $7.51 | $7.09 | $98.97M | 13.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | $7.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.48 | 10967 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |