I invested in Vimy because:
*) Time Frame. Is ready to produce. Once those AB miners start producing, it´s game over. NexGen is a monster, but may need up to 10 years to get permitted a mill. Same for Fission and Denison; paper-work in Canada can take up to 10 years.
*) AISC. Lower than African mines.
So, once spot reaches $50-$60, most mines in C&M will go back to production. Demand in the next years (2-5) will increase, but no too much. With a few junior miners being able to build a new mine will be enough to meet demand. Those will be the winning horses. Vimy has good chances. I might be wrong, of course. Investing in junior miners it risky business. We all know this. Volatility is extreme. Timing is impossible. I don´t know if Vimy will ever build that mine. But if it does....., the stock will go * 4 in short time.
Catalyst: April, 2019, 232 decision; Agreement with India (Australia has Uranium agreement with India, needs U stock pile for 21 new reactors).
Until then, I only can wait.
