I’v speculated on Cxu and treating it like a term deposit 2-5 years and when it matures will be many many multiples from current price at a cap $4m with 31mlb of jorc uranium resource which cost $15m to develop and is low cost shallow and easy on the environment we have explorers 5-6x bigger trying and digging that have nothing to brag about and Cxu has been there and done that and is sitting on the goods
there are many possibilities for the current gov to flip the spot price moves north will be hard to ignore the economics of it a push from big brother the US asking for Australian help as they distance themselves from Russian origin supply a bigger player swoops wanting to expand and is in no hurry or a change if gov ?
at the current cap value I can wait !
IMO
CXU Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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