EL8 1.56% 32.5¢ elevate uranium ltd

Some valid points but I disagree with you on both. Wait for the...

  1. sle
    10,758 Posts.
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    Some valid points but I disagree with you on both.

    Wait for the study on point one. Point two imo I think you'll see a rise in this price. Check out the supply/demand ratio and the new reactors being built or about to be built worldwide. Obviously point two will also have a bearing on point one but also consider access to Areva infrastructure etc! The shallow surface "U" is also worth noting.


    The size and grade of MEY will not support the capex required to mine and process the ore, imho. But let's wait and see the scoping study first, before more speculation.


    U308 price will remain flat for 3 -5 years, or more, to come. I don't see the MEY sp going anywhere for a long time to come. Look at all Uranium juniors, sp's are in the toilet.
 
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