Looking forward - with a current market cap of $26m. I would say that the Mulga Rock asset value is extremely cheap. Regardless of industry/company historic decline, there is upside value
my sense is the bottom is roughly in. And uranium industry has a huge amount going on. Especially over 6 months. - s232 mid July - release bottle neck. Provide clarity. May be significant for Australia - Cameco still to buy 14 million pounds from spot this year - utilities coming back to market in August - contracting about to start Q1 2020 - London September 2019 nuclear symposium will accelerate contracting - such wow exploration could be suggestive of another 25 - 50 million pounds - and who knows...Cameco workers strike or another event could be ... Explosive
VMY Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held