Any OKR investor here knows that the company isn’t going to produce this uranium bull run.. no one is expecting it to become the next Cigar Lake either.
We all invest to make money and at $30M market cap, OKR is worth investing if you believe in the upcoming bull run, and if you believe the U price is going to $100 (or more)
Apparently according to Rick Rule, the WORST performed uranium companies did around 10x their market cap (the best performed ones did 1000x) last bull run
Will it happen again? Who knows how big it will run this time..
but to summarise, I don’t think investors care OKR doesn’t produce this bull run.. as long as the share price multiplies from here with the rising uranium price (and makes investors money), that’s all that matters
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