Hey Jimmy Whilst I am a UNX believer I seriously hope that MRU get access to SGR. Will be great for all and if both companies get producing, they will no doubt work closely on many matters.
The real point isnt that MRU isnt worth current Market Value, its that UNX is undervalued, and it is.
For anyone that 1. believes in the future of uranium and 2. believes in stability and support of Tanzanian Government ... then UNX should be worth a look at current Market Cap.
You must admit that the latest UNX news indicating opex expected to be circa $15 to $25 per pound at Manyoni (Tanzania) project is exciting. Couple that with strong expectations that uranium extraction can be done in a fraction of the time i.e. hours, means productivity and throughput can be increased by 300%+ meaning more production without the issue of significant Capital Expenditure
Good luck to UNX and MRU and uranium future
MRU Price at posting:
$4.45 Sentiment: Buy Disclosure: Not Held