RE:questions for the bb Great question. Typically, miners gold, silver and uranium plus others trade at 3-4% of in-situ value. 68 million lbs x 0.03 x 75= 150,000,000 give or take.
307,000,000 O/S shares ... so 150 / 300 is 0.50 or 50 cents.
The catalyst will be cost to produce yellow cake and expanding the discovery zones to around 100,000,000 lbs. Assume Uranium becomes labeled a critical mineral and it rises to $ 125 lb and cost of production and mining at 0.45 / lb.
Max 2.50 a share in two years ! Keep an eye out ... 0.40 is a steal 0.45 is a hold ... end of 2026 maybe 0.90 on speculation . So much dilution.
Anymore dilution will drive it down to 0.30 or lower. Is it safe ? Well the U.S. is guaranteeing 297,000,000 in funding so .... it is protected.
Just a few thoughts before i open a bottle of my Saturday night wine !
GLTA