I guess it depends on perspective arjbha11, the bear market over the past 9 years has seen most uranium stocks decimated, most well below fair value. No doubt the climb from the previous range of 3-4 cents has seen that re-rate commence as the outlook for uranium improves. At current SP of .125 market cap of Au $130M is more realistic considering BMN still is a junior, regardless of how advanced anyone thinks Etango(8) is.
Regardless, next week could see some real buying pressure for BMN as there is a fair to good chance URA get onboard, that will provide good support to the SP moving forward.
Cheers
I guess it depends on perspective arjbha11, the bear market over...
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Last
$3.30 |
Change
-0.170(4.90%) |
Mkt cap ! $589.4M | |||
| Open | High | Low | Value | Volume |
| $3.41 | $3.42 | $3.29 | $1.679M | 503.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1784 | $3.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 8000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BMN (ASX) Chart |