New all time high, page-305

@arsenic, no I didn’t see fundamental value in some U stocks with uranium at $50/lb. I’ve owned some since. But I don’t see the relevance to the point (which you’ve made twice recently). Lithium doesn’t have the agnostic ETF flows the U sector enjoys, nor the same supply problems.

Regardless of my views on uranium, surely the question here is very simple: does IGO deserve to trade on an 18x multiple versus its peers on far lower ones? If you think IGO is cheap then you’re either expecting an almighty lithium price rally, or a huge long term premium to other players. The latter seems odd to me as the recent shenanigans with Tianqi seem to demonstrate the weak negotiation position IGO find themselves in.