People got to understand BOE trading at $6 when they weren't even mining any uranium for a profit. At $6 the risk was insane but here we are now 1 year + later and mining uranium for profit.
Uuranium spot had a beautiful technical pullback which than caused the delay of new mines coming online and they won't even go to DFS stages unless spot is well above $80usd a lb.
Now we are heading into 2mil + production next year and spot price on rise again and such a large short position i think that even at $3.70 it's a bargin.
Those of us that bought low $2s had the balls and i wont be giving a single share away cheap. I'm actually looking to add once we confirm this break out before the next leg to $4.70+
BOE Price at posting:
$3.67 Sentiment: Buy Disclosure: Held
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