Either a capital raising or a JV could be on the cards for BOE so I don’t see that as a bad thing. Better to do that than leaving a 170M asset sitting idle. And with prices at where they are now, this company can ridicule above break even. There won’t be enough mines to keep up with suply eventually, which is why the cuts are occurring. All miners want to boost prices and some miners are more advanced than others. With the right capital inflows which I expect to happen shortly, BOE will be in a good position to capitalise from uranium prices. That’s as far as a junior goes anyways as you point out the majors have only been using their own stockpiles. But in speculative conditions, the oversupply will come down and the price will go up for a commodity in general if the cut is 20%. Current and future energy productions companies will be looking to secure long term prices at above probably a 15-30% premium for spot.
Anyways, dyor because 20 years is incorrect. Either you are telling the truth or the company is. I’m going with the company hence my money and more of my money will go to the company. BoE is next in line to go into production and I look at that favourably, especially as they continue to grow their resource and U prices move higher.
With the cash in the bank plus a 15M CR at .15c is enough to get these guys producing profitably. They have many options anyways. I think consolidation could also come in before any cr.
Who knows but it’s interesting trying to guess. My take is U prices go higher from here.
PDN Price at posting:
4.7¢ Sentiment: None Disclosure: Not Held
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