The gold project will be a winner IMO. Grades should be stellar with low cost extraction. The sands project could offer some revenue to keep the company ticking along without need CR (may fund the gold extraction). One thing i like about CXU is the low cost running of the business. Managed very well. Both Jess Oram and Simon Youds have many years experience in the Uranium space from what i researched on their LinkedIn accounts. Could not be managed by a better duo.
The Uranium asset is a billion dollar asset that is ready to mine now at low cost and minimal environmental impact. TOE don't mention ISR in relation to their project in WA so I like CXU a lot more despite what Labour government have done (allowed heavy environmental impact U projects that are not economical at current U price, but disallowed Cauldron's minimal impact low cost ISR resource).
15-20c is possible in short term but I have a higher price in mind if stars align, which fundamentally they should.
All 3 projects could be producing right now. No need for exploration, apart from increasing the resources.
Have been holding CXU for years in regards to Bennet Well uranium. The 2 new project excite me as much, but I am here for that amazing U deposit they have.
I don't think the market realise what Cauldron is sitting on at Yanrey... something very valuable.
CXU Price at posting:
4.1¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)