Are DYL investor getting much value from Vimy? Latest reports suggest the WA uranium prospect is a dead end.
"Cameco has clearly shown that there is no economic case to mine uranium in WA, with the 2016 writedown of the Kintyre uranium proposal and the clear decision not to advance Yeelirrie," Ms Pepper said. But one mine, at Mulga Rock, also in the Goldfields region is pushing forward.“There is a lesson here for Vimy Resources and their investors - who are bucking the trend and are continuing to throw more money at their beleaguered Mulga Rock project - that mining uranium in WA is uneconomic," Ms Pepper said.
https://www.abc.net.au/news/2022-04-14/wa-uranium-mine-cameco-yeelirre-project-reece-whitby/100991146
Have been wanting to dip my toes into a Uranium junior but these sort of sentiments are off putting , when uranium is key to a carbon reduced future. Can see pollys scoring quick points by blocking something like this.
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