What you call analysis, I call out of context quoting, misapplication, and blatant misrepresentation!
The writer is PATENTLY saying that NOT ALL 200ppm deposits will be uneconomical. Straight after your "out-of-context" quote, he says:
"The only companies that are going to get [contract pricing] of $US60-$US70 a pound are the big companies and projects with 10-and 20-year mine lives. The little ones with 500 tonnes of uranium here or there over five- to seven-year mine lives are just going to have to sell into the [lower priced] spot market"
That seems fairly clear to me, small deposits of 200ppm wont succeed, it needs large bulk tonnage deposits to entice the utilities into locking in long-term contracts at higher prices, guaranteeing their supply. BMN's 200mlb deposit will easily attract long-term interest.
I hold EXT and have no problems you pumping it for all its worth, they will end end up with one of the greatest uranium deposits on the planet ... but how about an an ounce of honesty from you, get your quoting right. The thread, the tenor, and the intent, is just pathetic
EXT Price at posting:
$9.11 Sentiment: LT Buy Disclosure: Held
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