Likely a mixture - but what we are seeing are "worthless" uranium tenements suddenly becoming of value. This demonstrates how under-invested the uranium industry is --- the amount of capital that will enter the speccy market will make practically make all the ASX uranium stocks become meme like. We simply need to have sufficient MC either Dec/Jan and June/July; then we will start to see take up by various institutional funds, this starts off with boring index funds etc.
GGG, unfortunately for them are on the wrong side of uranium bill --- this might exclude them from the full length of the macro party. They seem to be on a narrow trading band at the moment, which is good for their longer term holders.
The more advance uranium stock: PDN its sitting on ASX position 242 DYL its sitting on ASX position 634 BMN its sitting on ASX position 685
EPM its sitting on ASX position 1164. hopefully we kick some goals - I'd like to see us at where they are now, how long will it take will depend on value discovery on the Greenland projects, and Australian projects. We'll leap frog a lot of non-mining companies.
Heck 2025? maybe at ASX 300, it a big call - but its not impossible. Baz yes probably some dilution from CR by then, and options being exercised before 2024 etc. (3 years expire).
Note there are some 80% of the uranium tenement still in "application"; over the next 12 months will probably see a bit more approvals if dollars are to be spent in the area. A catalyst is AGE as they are doing a survey programme at last down next to the devil's elbow; our slide says something similar too but in 12 months etc.
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