analysis, page-6

Lezkapera

On the initial approximation level, the grade is the most important thing after the size of the deposit IMO.

MEY's grade is so low that IMO, the world has to get pretty desperate for U (which is quite abundant in nature) to start mining 100 ppm deposits. Then you will get some gorilla like BHP's 5.4 billion tonnes in Olympic dam coming into play way before this happens.

Regarding costs, hinting and DFS are two different things. Just look at BMN. I never bought into this whole screening and scrubbing story, and only bought due to Areva play (turned out to be a bad idea so far).

I found the following technique seems to work for me (with a few errors mind you):

Forget explorers with no JORC
Forget deposits less than 30 mil pounds
Forget exotic deposits difficult jurisdictions (Greenlands, NT national parks, BLR due to environmental consents)
Forget unusual deposits such as lignite (EMA), and those are that are really low grade (which would rule out MEY)
Forget unrealistically remote locations

Then I do metrics similar to yours. Don't forget cash reserves and avoid getting in just before a cap raise.

By a way of mutually useful information exchange, here is a handy list of some U related stocks.

It is amazing how few will be left from the list below if all the above criteria is applied.

RSL
OKU
BMN
MHL
MEY
MRU
DYL
THX
EMU
RDM
AEE
AGU
IPT
SXX
CXU
UEQ
TUC
EQN
RLC
BLZ
BLR
MEU
ARV
NTR
EXT
AIW
RAI
CYU
TUC
TOE
UTO
UEQ
URA
OKU
MDX
FTE
WCU
ERL
ACB
BKY
SHE
SMM
PDY
USA
EME

Cheers