I'm not sure I understand your position. You invested in a sub 20m mining explorer - literally the most volatile end of the market. That's why you bought it right? Because it could increase dramatically, the same is true in the reverse.
I've done the research. Why would an increasing Uranium price impact a company with no uranium? Comparing Basin to a developer or near term producer is another possible error. The uranium supply shortage should peak in 2026-2027, these explorers, even if they find something, won't be viable til 2040 (if in Canada with average permitting of 17 years). The spot price now means very little. IMO
The company is sub 20m, with a very clear goal of putting money in the ground, I don't follow your comments on hedging. What do you mean?
BSN Price at posting:
7.7¢ Sentiment: None Disclosure: Held
