I like uranium stocks as much as the next guy (despite owning none at the moment) however the way you guys are comparing stocks is just outright scary. I would hate to be making investment decisions with such faulty maths.
How can you guys compare CAPEX without comparing the lbs of resource?? Its meaningless comparing CAPEX the way you are.
Why not say EXT is overvalued due to its $1b+ CAPEX expectation compared to PEN? That kind of argument makes as little sense as saying BMN's CAPEX requirement makes it worth less than PEN.
BMN has over 200mlbs of resource so of course its CAPEX is going to be higher.
You also have to compare the production rate and life of mine!
The few points I do agree with is that PEN is probably closer to production due to lower funding requirements etc, and from that perspective is probably less risky than BMN.
HOWEVER given that BMN market cap is currently backed by approximately 25% CASH it is not exactly expensive!!
I like uranium stocks as much as the next guy (despite owning...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $366.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $3.735M | 32.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1600000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 6110118 | 73 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PEN (ASX) Chart |