Personally, this uranium thematic cycle is just starting and it's going to be 2-3 years, so the upside from here is still fairly significant.
On a market cap basis given that free cash flow will be hunting for more growth accretive ideas, I'll be thinking to start offloading and derisking some of my holding circa $1 which is a AU$2 billion market cap. So 4x current level.
I'd be pretty confident it will reach that market cap in this cycle as it will get pulled along as a tier 1 to it's global peer valuations.
How many ASX pure-play uranium stocks will potentially be in the ASX200? or ASX100?
No doubt there is going to be some broader market volatility to contend with though.
We are not there yet, but things are shaping up very well.
Could Run Soon?, page-125
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