BMN does not look cheap ...
BMN need over US$800m to get the project running at the low grades they have.
There is a reason why the ML has never been issued ... and that is that no-one in their right mind would give BMN over US$800m, even if they were to supplement this with a portion of it with a CR.
BMN need a spot price over $60 to reflect changes in MT and LT U308 forecasts to even hope of something.
The funny thing is though, is if the spot increases, BMN will too, but there are better U308 companies out there to ride any spot increase and actual production.
I can not see BMN producing anything in the next 5 years.
BMN does not look cheap ...BMN need over US$800m to get the...
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Last
$3.71 |
Change
-0.030(0.80%) |
Mkt cap ! $567.0M | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.83 | $3.71 | $2.398M | 642.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32245 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 300 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |