The BMN wounded faithful.BMN has a large opex, high opex...

The BMN wounded faithful.

BMN has a large opex, high opex project.

At current uranium prices, raising capital is probably near impossible due to the massive dilution of share capital required.

imo, BMN is feasible if uranium contract price can be set at US$75 or more

my concern about CUY is resource size

whilst there is share price upside at 200tpa production, doubling the resource would make CUY a superb rather than reasonable investment

400tpa over ten years could make it a 7 bagger at US$60 lb revenue

apart from that, CUY is small & nimble compared to BMN

low opex, low capex

CUY could start producing tomorrow or even today

BMN currently has some takeover potential where a big player, say the Chinese govt, could buy it and place it in the bottom drawer for the future

but apart from that, BMN is probably the worst uranium stock on the ASX because the project at the moment is near impossible to develop