RE:u308 is 28.80This is going to be a blockbuster of a stock to own. The key item I got from the conference call was that permitting will not take as long as other deposits. So I think they could well be mining this in 5 years time. Easy mine to build hardly any water, automated technology, small amounts of rock <1000 tons/day and a packaged price of around $5.00/lb. Two year pay back time. At $30/lb Uranium that is a clear profit of $25/lb.
This is going to be an amazing ride - it already has been for me from 60c - but expect this stock to soar when the rest of the investment market realizes what they have.
So I am wondering where all the nitwits are that said this deposit was (and I quote) too deep to mine. Apparently they were wrong but doubt if I will hear any apology..
Great investing all. Just be patient...do not sell because it made a few dollars there is much more to come yet. Selling now is far too early.
Malcolm