And so we wait Guys and gals
We all know that the markets DO NOT LIKE UNCERTAINTY. I am of the opinion that over the coming months when a number of issues are turned into facts, we will see a share price > $4.00.
(i) As per todays press release, actual Final permit will be granted in 30 days. We have to wait 30 more days folks, for this to be offical.
(ii) Path Finder acquisition to take 6 to 12 months. Once again, we may have to wait a full year, to get our hands on this valuable property.
(a) IN my opinion, a huge hurdle that we have to overcome during our acquisition is the NRC allowing Path Finder to change" transfer " control "licence " to UR Energy.
(b) The Shirley Basin tailing site is licenced by the NRC to receive and dispose of byproduct waste. If / when URE acquires this tailing site, it will add significant value to UR Energy.
(c) Last but not least. Page 18 of 30 of UR Energy's Corporate presentation states that the cost to recover the ore is < $20.00. Do the math folks, 15 million pounds x say ~$30.00 net profit per pound translates into almost an additional one half of a billion dollars.
(iii) In my opinion, next fall Russia will cancel their arrangement with the US of A. As we all know, Russia currently supplies the United States with ~ 45% of it's yearly uranium needs. UR Energy will have millions of pounds to sell to their own country. This is a win win situation. Create jobs and provide a much needed
I am running out of space. I for one will be holding onto my shares until next x-mas.