415 million dollars company ...

In the recent correction that DYL has had it is no longer a $500 million plus market cap. company. It now ONLY has a market cap. of around $415 million.

Unfortunately I haven't been able to keep up with every announcement by DYL - there are just so many company announcement being made!

But I am wondering - does DYL at present have JORC compliant uranium resources in the ground with a value in excess of $415 million?

Is DYL's current market cap. based on blue sky in a crazy stock market uranium bull? That's of course not to say that this won't continue!

But I'm seeing resource stocks like nickel miner and nickel producer MCR which has had a big run recently still being capitalised at less than $600 million, yet it is already making very good profits after of course having to spend mega millions of dollars to get its mining operation off the ground ...

Then there are energy stocks trading on a PE of less than 10. Let's not even think about how high the in ground value of their resources are compared to their market capitalisation, but I suggest it would be multiples compared to DYL.

Isn't the uranium bull wonderful. Just keep on buying uranium stocks and don't concern oneself with what ine ACTUALLY IS BUYING, as long as prices keep rising.

This may yet continue for years ... just as the Japanese stockmarket traded on over priced massive multiples for many years until it came crashing down to earth.

Buyt I hope many are realistic enough to understand that with so many many overvalued companes, which may yet become even more overvalued, the game is nothing more than a very hot pass the parcel and don't get caught holding when the music stops!