In my opinion BMN can go a lot lower. I have sold out at a significant loss so as to not loose more. Taurisk, your children are getting a very valuable education in the risks of the market!
The facts are that BMN has a market cap of $96 million dollars and an NPV at current long term uranium prices of $56 million (look at page 14 of their Preliminary Feasibility Study.) U fundamentals are not good so this may get worse.
There are many resource companies with market caps at significant discounts to NPV (eg ARU with NPV 1.1 billion, market cap 174 million) and with significant potential in future focused areas similar to Uranium, such as rare earths.
BMN needs higher U3O8 prices or a takeover, the hope of which may be keeping price, but based on value it is expensive.
SF
why the drop in the ?sp, page-31
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Last
$2.85 |
Change
-0.100(3.39%) |
Mkt cap ! $509.0M | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.88 | $2.80 | $1.040M | 365.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 358 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 103 | 2 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BMN (ASX) Chart |