Looking at taking a position in U. I made a shortlist of U shares after a couple of weeks of reading. BMN made it into the final round.
A small hick-up remains and maybe long term holders could kindly advise - what are contingency plans in case if the gov. desalination plan doesn't get built or will not be ready in 2013? I cannot see anything substantial on this in PFS or announcements.
Otherwise, in terms of EV/lb and all other aspects BMN looks very attractive at current prices.
IMO there is no point in getting into U unless you think the price will head to $100 US/lb within 3-5 years. In which case BMN is extremely attractive.
BMN Price at posting:
78.5¢ Sentiment: LT Buy Disclosure: Not Held
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