The productiuon cost of $41/lb seems too high. The current spot price is $45. Who is going to put up $550M based upon a hope that U prices will increase?
Sure there are reasons why U price might increase like China/India building reactors, etc However what about START II which seems close to agreement resulting in a lot of US & Russian warheads being decommissioned and probably being recycled as U fuel. What if Cameco get Rabbit Lake sorted. What about current reactors that will be decommissioned.
I think it is wishful thinking that $550M will be raised based on a hope U prices increase.
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Last
$2.93 |
Change
0.040(1.38%) |
Mkt cap ! $584.3M | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.93 | $2.83 | $1.225M | 427.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 11376 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 25401 | 17 |
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| Last trade - 12.40pm 21/07/2025 (20 minute delay) ? |
| BMN (ASX) Chart |