Not only that, India has close links with Australia on the uranium front and China already is strong on the commodities front with Australia for decades now.
VMY is permitted , will be raring to go when the cycle booms.
We know the cost of fuel is less than 4 % of overall cost of running the plant.
And like I said, starting at some early point, over 2023/24 , AUD will boom against USD ( much as people will not like it here ), so added tail wind for even US Dollar denominated buyers.
Funds do what they like, they are playing with others money, ofcourse Resource Capital Funds was a bit of a let down however, they have been backing for years now. Lets see how it goes.
VMY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held