I've picked up a few thousand shares on Monday when I caught wind of Newman's pending announcement. My understanding is Summit have one of two identified significant uranium deposits in QLD and stand to do very well out of this development.
I heard it would be somewhere in the time frame of 5 years before companies going through exploration will start getting uranium out of the ground.
My question is to the long timers is, with this deposit already identified, do you have any estimation of time it will take for it to be productive? I apologise in advance for my ignorance in this area, I typically invest in the BioTechs, however was very happy yesterday for taking a chance on resources.
Thanks in Advance for any advice here.
SMM Price at posting:
$2.00 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)