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19.0¢ vimy resources limited

Ann: High Priority Targets Identified at Angularli, page-11

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ura_bull

7,245 Posts.

1227

28/11/18

07:59

Post #: 36662999
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Originally posted by supergold ↑

Not sure there would be enough meat on the bone at $40-$50 spot.
Perhaps if it was part of an off take where the buyer was willing to fund the project in return for security of supply they could make it work.
I believe vimy have the right team to get the mine started successfully but will need a much higher uranium price to get the finance required.
Angularli is blue sky and has great potential but not sure it’s worth raising money at the current share price to conduct more exploration drilling at this stage of the uranium price cycle.
All IMO good luck to all holders.......

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I think you might be misinterpreting - he's saying at a spot of $40-50 you'd be signing LT contracts at about $60 for an off take...

Last edited by ura_bull: 28/11/18

VMY Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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