RE:Time to chill out. production?? Perhaps you should refer to the corporate presentation. This 60 million would take them to a production DECISION in 6 YEARS! We are basically looking at a do over from the millions spent chasing the fantasy they called an open pit. JMO
Neptune3 wrote: I have been through the last two uranium cycles and have made more off uranium stocks than anything else in over 45 years of investing. During the last run at the peak many were trading at about 17 dollars a pound for every pound proven in the ground. I expect this time they will do much the same as how else does one put a value on them. Low grade high tonnage, high grade low tonnage all in costs etc. are all factors to what price per pound the share price will reflect.
Though I do not agree with some of the things that this company has done like high salaries for a CEO, PP,s near the bottom and a few other things that have happened but at the end of the day there is a high grade deposit that will have to be brought into production this cycle to meet demand. Money rules and price per pound in the ground will be near the top with this one when the dust settles being such a high grade deposit. I own a lot of this only for that fact they will get constantly repriced as the spot price rises. Everyone in this will make a lot of money. I do hope though they will be telling us what they plan to do with the money raised by selling shares. If it is to be able to start some sort of production when the price is right then I am fine with that. N3