I Have question about Vimy maybe you can help me with? On the DFS the U price assumption was US$55/lb I think I heard break even being about $44. on the U price chart very roughly U was on or above $55 for about 7/8 months in 2010/11 and 23months between 2006/08.
so the assumption is the next bull market will send it past $55 and for hopefully at least the 10year LOM ? obviously if it drops you can put it into C&M but that's not what you want as an investor.
I hope I haven't made any mistakes the dates are rough. my question is... is this not a big bet for U to stay above $55/lb for so long when it hasn't historically been above that for more then 2 years and will in your opinion this keep investors hesitant ?
VMY Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
