VMY 0.00% 19.0¢ vimy resources limited

BOE wont sell off its stockpile to spot to fund the project or...

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    BOE wont sell off its stockpile to spot to fund the project or for M&A.

    They will use their stockpile most likely to secure early term contracting to derisk and help with securing finance.

    VMY is a great reaource, and highly leveraged to uranium prices.

    4 main issues i see though

    - No capability in management to progress the project (susprised if anyone is left)
    - Cant export out of WA itself, will need to go through SA to ship
    - No export permit from what i can tell?
    - Capex is substantial

    If anyone can provide clarity around theae though would be appreciated.
 
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