It's a brownfield project, completely derisked - the asset and mine has produced in the past. Hence the valuation.
Also remember at the last Uranium cycle at its peak it was about $5B and that was when the company had a shitload of debt and another crappy asset.
This is the start of the cycle.
THE SQUEEZE IS ON, page-2402
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Last
$8.65 |
Change
-0.660(7.09%) |
Mkt cap ! $2.586B | |||
| Open | High | Low | Value | Volume |
| $8.89 | $8.94 | $8.62 | $25.23M | 2.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4118 | $8.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.66 | 407 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| PDN (ASX) Chart |