realty101
" Take away the REEs for a second from this stock... What do you think the value of the 6th largest Uranium Mine in the world is worth? This stock isnt just an REE stock and I think we should all stop valuing it only as an REE stock because it could probably survive and be profitable solely on Uranium."
No way.!.
As a Uranium mine this deposit is worthless. In the start-up phase GGG will produce 1 mio pounds of uranium, and even with a price of 70$ a pound, the revenue will only be 70 mio $ pa., compared with 1,950 mio $ including REO.
THIS IS A REO MINE WITH URANIUM AS A BI-PRODUCT. Full stop.!.
You can NEVER mine a concentration of only 300-400ppm on a economical basic, where the world average is 2000ppm, and most Canadian mines are 20.000ppm
realty101" Take away the REEs for a second from this stock......
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Last
2.4¢ |
Change
0.001(2.13%) |
Mkt cap ! $33.80M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.3¢ | $19.34K | 813.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1099445 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 181063 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ETM (ASX) Chart |