Yo Valix my friend - you asked if its too late to buy? if it...

Yo Valix my friend - you asked if its too late to buy? if it helps you here's some info for you to consider.

1. As I posted above - our club - the ten baggr club, called MEY at 16 cents about 3 weeks ago. - so far they have about a 70% batting average for their calls 10xing - or a lot more. - which is impressive. So that would mean they expect this SP to get to at least $1.60? That would imply a A$337 mill market cap.- that's not hard to see. After all they have almost the same amount of U in-ground resource as BOS .ax (but BOS is much more advanced and has more cash)- but BOS are already at a $410 mill cap. And Mey are still just at A$ 64 mill cap both with good proven assets in Oz and massive exploration plots in Nambia like =DYL A$ 276 mill market cap or PDN A$1.33 billion market cap . (20x MEY's)

2. Also this is still very early days yet for this uranium bull rally- If the past is prologue -the last one (2010) took approx 24 months to go from bottom to top - let's say this one started last October?? so were only 8 months into it- and the crazy part hasn't started yet- the retail money is not in yet- (particularly in US and Europe) it's still the smarter money getting set - (Smarter ASX junior resource punters -or Canadians junior punters or people who know this game better) So IMO we have about 16 months roughly of still climbing to the top. MEY was as high as 22$ last top. (Although things have changed with the co - it's bigger now -but owns more reserves and has much better exploration targets) so look at the bigger picture please it's still waaay early!

The real market for uranium is the term market (longer term -normally 3-year deals at least) which are secretly negotiated between the reactor operators and the big U suppliers - we estimate that market is already around 45$ per lb we kinda know that becuase Cameco just announced they would reopen cigar lake - and they said they would only do that when it was long term viable again.

The smaller spot market - is small, quite illiquid, only used by retail is still at only 30$ per LB. But this bull market Sprott just took over control of the UPC ETF. This is one of the main retail funds that raise money and buys U directly on the spot market. Sprott will be very aggressive and keep raising money - and keep buying up the uranium - driving up the price and fund value - and attracting more money into the fund..... to buy up more U.... to drive up the fund etc etc.. so Sprott - who have already loaded up themselves and their clients with Uranium shares in preparation - can soon drive the price higher and higher at will - (as spot is a tiny and manipulatable market ) sucking up all the U shares. I reckon they will start to do this in like 2-3 months - so get set now!.

The real term market will lso rise as almost 15% of the world's electricity - and 22% of US electricity and power- comes from Nuclear energy. As the price has been so low for so long since Fukashima created a stop policy on many nuclear fleets. There simply has not been enough uranium produced- Now all the reactors are starting and another 300 coming back on stream or being built new- mainly in China- as air quality is so bad from coal - so the U real term price will also have to rally high for the global reactor operators to get enough uranium or else the reactors will stop and all the lights will go out in USA and Europe - and I know which I think will happen first!

They simply can't have the lights go out-and nuclear is the cleanest greenest form of energy.- and for it they all need uranium.(Also Biden has just said he'll subsidise nuclear power - as even the US govt can see what's gonna happen!)

But here's the real kicker that's coming for the stock - - the 4 or 5 big global uranium ETFs will also fill with retail and pension fund cash - estimated at going to be about USD10-12 billion USD this U bull market.

These Uranium stock funds will then have to allocate this flood of new money into to any U company with a market cap of over A$50 mill.(Theres only about 40-50 of them) If for example -just-1-2% of that ETF money just goes to MEY - which it proportionately should at least - that's USD 100 -200 mill or A$ 130-260 mil of new and real buying and holding coming on pour heads from here..

So with the smart money (us buying now) already holding most the shares longer term - plus the direct retail buying piling into the rising share price as the uranium spot price rises, .....and most holders not selling the only 207 mill shares out on issue ... what do you think another A$130-A$ 260 million of new buying from these top ETF's is going to do to the MEY SP?

Just think?? that's why it hit 22$ before- it's not logical but it happens- ( it has happened the same in both the last 2 U bull cycles - its mad - but great if your long before them!

Please also note that this later fund and ETF buying that's coming is automated buying - That is its money they must spend on urnium stocks under their fund charters - no matter how high the price!! As in the ETF gets the money- its managers or bots then auto-invest that money to the pre-set spread of stocks almost blindly ( as they have to via their charters). This drives up all the U stock prices higher so those funds perform even better - -which turn attracts even more punters to invest more money into them - so they have to again buy more stocks etc etc... repeat adnauseum - until top of the market .....then it all tops out- goes into reverse -unwinds - and it turns into a friggin bloodbath!

So in short - Valix - no its not too late to buy!!! - it's till very early days- but don't be to greedy - average in - and also peel off some as we go- at say 1$ -2$ 3$ 4$ 5$ etc etc, and enjoy the ride as Uranium bull markets don't happen so often in our lifetimes - it's just starting already. and MEY is a perfect vehicle to ride this one - we like 92e too as they are still some of the smallest caps..... and they rise the best .