The move makes sense providing uranium prices continue to rise. Don't forget the sheer size of BMN's reserve, making it highly leveraged to the uranium price. The market cap is still only 34 million. It was over half a billion during the uranium boom in 2007. Granted, the project is economically unfeasible right now, but if the uranium price starts to rise strongly (in which there's ample sources say it will) then the whole ball game will change.
I dont hold any bmn stock right now, just posting my views.
The move makes sense providing uranium prices continue to rise....
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$3.58 |
Change
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Mkt cap ! $547.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $3.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.39 | 3373 | 2 |
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