UPDATE to above:
Size of the mine. And the size of the cash flows once they get back into production. I think they have 440m lbs of Uranium as a resource which puts them just behind the two other big players Kazatomprom 1b lbs and Cameco with 800m lbs and a market cap of US$4.2b. PDN looks really cheap.
From one of their recent announcements - "Being the lowest cost open-pit uranium mine in the world means LHM (Langer Heinrich) will likely be one of the first mines to return to production as the uranium market normalises"
PDN will be a cashcow so long as they can survive the next year or so until prices move higher. I think they have around 50m cash in the bank...so more than enough to survive probably a lot longer than 2 years.
Last Chance Under 20c?, page-21
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Last
$8.20 |
Change
0.460(5.94%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.32 | $7.90 | $30.65M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 2649 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
