This is the other thing, yes extract may "hypothetically" have the best resource in the world, but if you have to pay through the teeth to get it, is it really good economies of scale?
There is a very real potential they will walk away and have a tilt at another company. The other thing is it brings the whole consolidation thing back in the spotlight. Other company's like cameco, areva and even pdn will be looking round seeing what quality acquisitions are available and be forced to make a move before its to late.
There really are very few quality projects close to coming on line. BMN is very much in play. The fact there has been no play yet us irrelevant. We all realise why it hasn't happened yet and that reason is now behind us.
corporate activity scenarios, page-3
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Last
$2.30 |
Change
0.120(5.50%) |
Mkt cap ! $410.7M | |||
| Open | High | Low | Value | Volume |
| $2.18 | $2.31 | $2.17 | $2.017M | 892.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 19901 | 1 |
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| BMN (ASX) Chart |