Jimako, what happens if the price of gold retreats to $500/oz? What if copper goes to $2.00/lb? etc...
I beleive your question to Tibbs can be answered by reading Alphonsus' post below (from Gero) outlining the reasons why the U price is likely to continue it's climb. It all comes down to supply/demand. This is not to say that there is zero chance of the price of U falling, so your question is a fair one. But with the information we have available today, it seems unlikely.
Please read the post I copied from rotten2core on stockhouse at the top of this thread. I think he does an excellent job of hilighting the profitability of Etango at today's prices, along with the profit numbers for $80 and $90 U if prices should continue their upwards tragectory.
With BMN now trading at a huge discount to it's peers with an EV/lb of $.88/lb (industry average =$2.50/lb) and set to bring in net profits in the neighbourhood of $100M/annum starting in 2013, BMN's valuation seems compelling, if not ridiculous.
These are of course only my opinions and I am sorry to you and Tibbs if I hijacked your question to him.
Good Luck to All!
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$1.99 |
Change
-0.200(9.13%) |
Mkt cap ! $355.4M |
Open | High | Low | Value | Volume |
$2.05 | $2.08 | $1.98 | $1.926M | 954.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2367 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.01 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2367 | 1.990 |
1 | 2895 | 1.985 |
4 | 31137 | 1.980 |
1 | 500 | 1.975 |
2 | 25731 | 1.970 |
Price($) | Vol. | No. |
---|---|---|
2.010 | 5000 | 1 |
2.020 | 13608 | 4 |
2.030 | 1442 | 1 |
2.040 | 10223 | 2 |
2.050 | 1378 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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