Short Term Trading Weekend Lounge: 29 Apr to 1 MAy, page-119

  1. 239 Posts.
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    BKY worth a look for a uranium play - MC~100mill, SP 0.57, SOI 180mill, options 20mill, cash 8mill, cash burn/quarter ~2.5mill

    - 83tonnes in the ground of uranium at Salamanca (europe) (~40tonnes indicated)
    - Approvals in place
    - Production started at Salamanca 3/2016 (power lines etc, main plant not funded yet)
    - 130mill CPAPEX for plant

    In next 6-12 months as per recent interview w/MD
    • Publication of the results of the final feasibility study in June 2016
    • signing of purchase contracts with nuclear power plants
    • Successful financing of the project
    • start date for construction

    Lots of near term chances for appreciation. DYOR these figures may be slightly old but gives you an idea of whats to come
 
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