VMY 0.00% 19.0¢ vimy resources limited

VMY undervalued, page-260

  1. 2,792 Posts.
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    The cost projections of uranium spot price is 5x+ of this... If you believe nuclear will be the future and demand is surging as we can see across the world these costs are already outweighed.

    I assume you're investing in uranium because you too, see this opportunity and growth.

    And on the timing, I think VIMY will enter the market at a great time. When most of these nuclear power stations will start being spun up, countries stockpiling uranium, etc. They won't be a price maker but entering in a time of great demand.

    Plenty of great resources and mines across the world closed down because of low spot price and rightly so. At huge costs to the miners. Mike Young pursued getting this project to this point not for those prices quoted.

    Your concerns are valid, but in a different time. Projections tell a different story. That's why I, and many others are here, with money in this industry and this company.
 
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