Excuse my newbie uranium investor question here.
Even if they mine 2.45m lb every year for the mine life of 11 years at $40 profit, that would mean 1.07bn$ profit slightly more than the market cap.
But after 11 years the resource would be exhausted.
Are we betting on more uranium in the satellite areas or a higher overall uranium price(likely) or do they have other assets or is my math just bad?
Thanks!
Ann: Board makes Final Investment Decision to develop Honeymoon, page-16
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