Today, Mike Young wrote on twitter: "given the $VMY plan is to write contracts in 2019/20 for delivery 22/23 coinciding with completion of construction It is 2022 pricing that is relevant to us. ‘22 sweet spot in open requirements in US market."
Exactly! In a nutshell , my investment thesis in Vimy. Those high-grade monster mines in Athabasca Basin (NexGen, Denison, Fission) may need 10 years paper work in Canada. Vimy can deliver 22/23. Also, Australia is strategic partner with US, and utilities may prefer Australia over African mines (Goviex, Deep Yellow, Forsys).
Negotiations with US utilities may take + 6 months. Just patience. With some nice drills in Such Wow and closing contracts, Vimy is a 10-bagger. I could be wrong, and Vimy does´t close contracts with nuclear plants and no findings in Such Wow, then: "Houston, we have a problem".
Vimy is my biggest bet in uranium space. I also own American (UUUU, UEC), African (Goviex), and Canadian (Denison) uranium companies for diversification.
Good luck everybody in Uranium space, and specifically for Vimy´s shareholders (we have suffered a lot for the last year...I bought at A$ 0,11, and thought i was a genius, hehe..)
VMY Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
