Vayama is spot on - stop focusing on the SPOT price as it is irrelevant.
The uranium trade is done through large long term contracts that are currently based at $90. To base their forecasts on a $90 LT price is not a big call at all. It is simply reflecting the CURRENT LT price in the market place. If anything it is an underestimation of where the LT price is likely to be in 2-3 years time when BMN hit the market.
Vayama is spot on - stop focusing on the SPOT price as it is...
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Last
$2.74 |
Change
0.010(0.37%) |
Mkt cap ! $481.6M | |||
| Open | High | Low | Value | Volume |
| $2.73 | $2.80 | $2.70 | $1.473M | 534.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 416 | $2.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.81 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |