Your analysis is OK for a boring industrial stock, but it just doesnt match up to a bull stock in the resource sector.
BMN needs the following
*confirmation of 100m lbs resource *start of BFS *drilling hits on new anomalies *off take interest
then the sort of figures you mention are meaningless. FMG hasnt made ONE CENT yet, have $Billions in debt and are trading in the $70 bracket (pre-share split)
Then add to that:
*uranium price recovery
Which along with the other factors will bring in the bulls to the uranium sector, and all figures are moot.
Plenty of risk, as there is with all explorers, but there is great upside these levels
cheers
BMN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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