In short, I am not bothered. State and Federal ministerial approvals have been received and secondary permitting is well advanced. The gov has a lot to gain from this project, royalties and 350 jobs. VMYs timeline states that an FID for Mulga Rock will be made by end 2019, so unless any major legislation changes occur before then VMY should be okay. Also, the fact that VMY has 3 additional tenements in Alligator River, one of the most uranium rich provinces in the world, significantly multiplies upside. One of those 3 tenements already has 26m lb defined resource with a scoping study thats due this year. Also, check out BKY, theyre sitting at 200m market cap and havent got full permitting. Just IMO.
In short, I am not bothered. State and Federal ministerial...
Add XSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2,982.9 |
Change
22.700(0.77%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,960.2 | 2,996.4 | 2,960.2 |
| XSO (ASX) Chart |