Might&Power.
I reckon the DOW rally today was all shorters closing their positions.
However, regarding BMN, if 100 million lbs is released this month, at a $4 share price, BMN will have economic mineable uranium worth AUS$5.20 a pound.
That is very cheap friend.
Think about it.
If BMN can release 100M lbs this month, it will be on the radar of every world uranium major, like Areva, RIO and the Canadian big boys.
The charts tell the story of all the uranium stocks. The charts do not lie.
All uranium are where they should be, in the gutter, except BMN, which is flying high, but still below fair value.
Re-rating due soon.
Money talks. Assets talk. Proven top quality resource will talk.
back to 3 dollars before revised resource, page-9
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Last
$2.44 |
Change
-0.040(1.61%) |
Mkt cap ! $428.8M | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.51 | $2.40 | $1.196M | 486.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8564 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 7349 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| BMN (ASX) Chart |