Would be interesting to examine market cap rise of pre-producers during previous uranium bull markets. I suspect they rose more percentage wise at peak than spot price. We are just starting to scratch the surface of this bull market in terms of valuation of uranium explorers. It's kind of surreal to see spot price going parabolic and uranium stocks barely getting out of bed. I think we might see an influx of disillusioned crypto and lithium investors.
This is not financial advice but my personal ramblings.
Valuation, page-3
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