Undervalued Uranium Play: MPMHuge volume on this undervalued uranium play which I have held for a few weeks. Don't let the large price increase scare you away as there is still plenty of room to move upwards.
The market capitalization today, of MPM, is only about $19M.
Compare this to another recent hot uranium play HBE which is currently trading at a market capitalization of about $60M.
Even if you add the shares of the current financing for MPM the market cap is still only about $31M.
Therefore just to get to par with HBE the upside for MPM is a 2 to 3 bagger.
And don't forget that MPM also has molybdenum as part of the Ben Lomand Uranium Deposit. After uranium, molybdenum is probably second in line as the hottest commodity/resource from a demand perspective. Check out ARS just to give you a taste of how hot molybdenum is. Since November the stock has gone from below $0.10 to $3 (wish I had owned that one...). Also, ARS has almost identical number of shares outstanding as MPM.
So once again there is still plenty of upside for MPM. Based on a comaprosion to HBE, MPM could move comfortably to the $2.50 to $3.75 level.