They will be drilling for years to come, I think, considering additional Mt Isa tenements acquired.
I believe that the present SMM price does not yet correspond with the QLand Govt *not* allowing mining.
Consider that the In situ value is increasing all the time, regardless of mining going ahead or not. The latest US$10 or AUS$12.65/lb spot U price is worth AUS$6.26/share!
(Based on fully diluted 202 mill shares, assuming 100 mill lbs U in situ and $AUS=US$0.79)
And that is just a US10 rise per lb.
And the share price is AUS$3.95. Ridiculous IMHO.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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