worldwide uranium supply used at current rates will be all gone in 25 years, thats on current supply not including future or new demand it’s probably a lot less tbh.
The uranium price has increased by a lot latley and is poised to increase further after a break. price was low because there was a glut of uranium but it’s changed now and there is more demand than supply, long predicted. for ten years predicted.
when uranium prices were higher before the glut. Cameco purchased Yeelirrie Uranium Project, undeveloped for $430million. We also have a undeveloped uranium project.
I don’t know the difference in size but if our uranium mine was small and only worth 1/10th of the cameco project it would be worth 43million. 3x our currant market cap. Market cap not including the gold project...
20x smaller project - 21.5 million uranium project only
our current market cap- 14 million....
MHC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
