"It has been an amazing journey for Boss Energy (ASX:BOE) since...

"It has been an amazing journey for Boss Energy (ASX:BOE) since its 2015 pick-up of the Honeymoon uranium project in South Australia.

Mothballed in 2013 because of lousy uranium prices, Honeymoon was a project that no one wanted, except Boss, a true believer in the nuclear renaissance that has come to pass.

Boss is now a $1.83 billion company, so its derring-do move back in 2015 has had its rewards. But Boss has also made clear that a restart of Honeymoon should be seen as only the start of plans to leverage off the Honeymoon infrastructure and the regional resources to make for a bigger Honeymoon than the market currently has pencilled in.

That journey begins soon, with a diary entry based on previous statements from the company suggesting that Boss will be drumming its first yellowcake any day now.

The market’s immediate interest will be confirmation that the move back into production has gone smoothly and that all of the production and processing metrics are being met.

That’s perfectly understandable given Honeymoon is coming back with an ion-exchange (IX) enhancement over the solvent extraction method previously used.

Assuming all that gets ticked off, the market will turn its attention to Honeymoon’s upside, leveraging off its low capex restart and resource upside.

Initially at least, Honeymoon is coming back as a 2.5Mlb annual producer. Export permits allow for an eventual increase to 3.3Mlbs annually. It is upside worth having, given the uranium price is nice and strong at long last at $US88/lb."

https://www.livewiremarkets.com/wir...d-growing-doubts-over-big-banks-bearish-calls