Considering the inground value of Bennet Well and current WA stance, how long will it last? The Uranium spot rice is on the rise and has now officially hit 'profit' zone for Cauldron Yanrey project. CXU's uranium asset is valued at only a few million Australian dollars, if not zero dollars.
Surely an investee would see this opportunity to acquire the resource whilst it is the cheapest asx listed uranium company boasting a blockbuster high grade, shallow uranium resource mineable at very low spot prices(40US$/lb).
All asx listed uranium companies have grown considerably in value despite things like 'lack of exploration', and or 'high extraction' value of the resource, deep and unviable @ 40US$/lb.
Currently Cauldron's uranium resource has a minute value, while boasting an economically favourable and environmentally friendly resource.
An interesting position the company is in heading into 2022.
CXU Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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