What baffles me is that the WA government have allowed Cauldron to spend 14 million$ defining this low cost and low environmental impact resource, and then they flip flop and say no, but then allow high cost high environmental impact U project to be approved. Surely Cauldron can sue the WA government for this?
With net zero emissions targets it can only be a positive for Cauldron's uranium deposit. Not to mention the AUstralian government ordering 8 nuclear submarines.
All Uranium asx listed companies have at least 5x in value, yet Cauldron has remained unchanged despite having the resource ready to mine now at current U price.
A please explain is needed from 'common sense' perspective.
CXU Price at posting:
2.8¢ Sentiment: None Disclosure: Held
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