"...I can see BMN trading as a call on the price of U308.."
That's exactly what it is.
At the current spot price, BMN has an uneconomical deposit, and $23M in the bank.
Cash backing per share is around 10c...if the chinese or some another party don't swoop on it with a longer term view on energy security, or if the demand for uranium doesn't increase dramatically (along with the price) over the next 2-3 years, then it's not even worth that.
Can't help but feel that one day Etango will be profitable...but who knows when???
There are better options around IMO.
Luck to all.
"...I can see BMN trading as a call on the price of...
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Last
$3.25 |
Change
-0.020(0.61%) |
Mkt cap ! $496.7M | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.27 | $3.13 | $3.843M | 1.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7528 | $3.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.26 | 2809 | 3 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |