My belief is that Alligator River is about a future for VMY AFTER Mulga Rock, Mulga Rock has ~15 year mine life, so the (theoretical) ten plus years to have Alligator River production ready, fits fine.However, and something I've never fully understood, Cameco has a buy back right if VMY makes a large discovery (>100mlbs?), but buy back on what terms we (I) don't know.
So I don't think it's essential for VMY to be able to prove that it has production capacity to supply after Mulga Rock, it should be enough that it is out there with highly prospective ground, working towards continuing supply capability.
B22.
- Forums
- ASX - By Stock
- Ann: 2018 Annual Report to Shareholders
My belief is that Alligator River is about a future for VMY...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online