http://www.theglobeandmail.com/repo...e-in-canadas-fission-uranium/article27893529/
Allowing for lower grade but much higher resource at Kvanefjeld, and the value of REEs and Zinc, based on this, GGG, on paper, will be worth AUD$3.75/share once the mine is up and operating, even at currently depressed U prices.
Remember, at a peak U price of US$138/lb (currently $35/lb) deposits were being bought for US$31/lb, over ten times what the Chinese have just paid, above.
Do the math.
China pays US $2.89/lb
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
