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6.9¢ orpheus uranium limited

Ann: Uranium Exploration Assets and IPO Plans, page-113

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tuts

5,246 Posts.

1641

08/01/22

13:26

Post #: 58723816
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Originally posted by ArasiB: ↑

Tuts, i'm still not educated on why the SP and MC were what they were 9 months ago.
I'm one that has never put much emphasis on SP when the MC can be much more meaningful. At $21M right now it seems to be a 5 bagger if/when drill results, grades etc come in. By the end of '22 ican't visualise an MC less than $100M, so a 12 month wait will give us a 3c SP or $100m MC.

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If lab results indicate a commercially viable resource, even just, then $100m MC is likely the lower limit. Hence the BIG reward, and of course the risk is there, as we do not have the lab results ... yet!

ARE Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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Last 6.9¢		Change 0.003(4.55%)		Mkt cap ! $13.09M

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