Here we are again, uranium is back in vogue for some reason. Evidently, there is a use case for uranium in dense electricity markets that requires a large economy of scale (i.e. in Asia). As I write this Cameco reckons the spot uranium price is sitting at USD$33.75 and coming off a base following the heady days in 2008-2012 - I wasn't there for it (I was busy being an awkward teenager), but I understand people made lots of money in that period.
See this announcement regarding CXO's Napperby Resource. I'm well aware the resource in its current state is nothing special. But I can also see potential value in a Uranium bull market.
There's a lot of hype that the uranium price could go above USD$60/lb. Evidently, CXO has an undeveloped JORC resource and a couple of exploration prospects in its portfolio.
Mine, Jurisdiction Tonnage Grade 1 Napperby, Australia (CXO) 9.34Mt 0.0359% 2 Napperby, Australia (CXO) (INDICATIVE HYPOTHETICAL ONLY) ~18.68Mt ~0.0359% 3 Budenovskoye 2, Kazakhstan 40.7Mt 0.022% 4 South Inkai, Kazakhstan 58.1Mt 0.013% 5 Langer Heinrich, Namibia 108.1Mt 0.052% 6 Tortkuduk, Kazakhstan 16.51Mt 0.75% 7 Olympic Dam, Australia 619Mt 0.057% 8 Ranger, Australia 21.43Mt 0.1%
Are there any uranium buffs out there who know if there are producing mines similar to the Napperby deposit? If so, CXO should spin out its uranium assets in a separate float. There's no benefit to developing it alongside Finniss, nor is there any point in selling the assets for additional capital. Give the shareholders some capital back in a burgeoning uranium market, I say!
All IMO.
- Forums
- ASX - By Stock
- CXO
- CXO Uranium Assets
CXO Uranium Assets
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
0.006(6.59%) |
Mkt cap ! $207.2M |
Open | High | Low | Value | Volume |
9.1¢ | 9.8¢ | 9.1¢ | $1.680M | 17.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 228125 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 335231 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 178125 | 0.096 |
10 | 639180 | 0.095 |
3 | 350000 | 0.094 |
10 | 710102 | 0.093 |
5 | 764739 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 270231 | 3 |
0.098 | 952528 | 9 |
0.099 | 438600 | 5 |
0.100 | 880631 | 14 |
0.105 | 1179377 | 17 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |