KOB 0.00% 8.2¢ koba resources limited

Boss’ market cap has grown from $37 million during 2015, when it...

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    Boss’ market cap has grown from $37 million during 2015, when it acquired Honeymoon, to almost $1.5 billion today and the strength of the uranium price this year, hitting $US106/lb during January, has undoubtedly helped the Company capture the market’s attention.

    Koba Resources Limited has established a 5,100sq km tenement package directly adjacent to Honeymoon. Managing director Ben Vallerine said the current market conditions for uranium were the best he had seen in a long time.

    “Boss did extremely well because they purchased their assets when the uranium price was very low – about $20/lb,” Vallerine said.

    “Uranium funding is very easy to get at the moment. The money that was going into lithium needs somewhere else to go but now copper and gold are flyingas well. I think the wider retail investors are definitely taking some gains from lithium and some of those guys are probably pretty nervous.”

    Vallerine is confident in the potential of Koba’s land position in what he now considers to be Australia’s premier uranium district in South Australia following the closure of the Ranger mine in the Northern Territory.

    “All the major companies want to see a defined project and Boss is right next door to us. They don’t want a piece of us now but if we find 30 mlb they might be interested."

    https://kobaresources.com/wp-content/uploads/AustraliasPaydirtYellowCakeDebateBackOnTheMenuJul24.pdf

    Cheers

    These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
 
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