The story is good.
1. RCF is out
2. Will have cash for another 12 months
3. Co. will use cash primarily for Mulga. Will consider project equity on NT assets
4. Big year for uranium - contracting about to start
5. S232 in April. could be a winner for Australia. Vimy timing is perfect. Scott Hyman, a veteran of uranium and Cameco, has a relationship with every nuclear utility in US.
6. Market cap is c. $25m at 5c post raising - that is cheap. Keep buying if others are selling
7. Everything is in place for spot U price to move up to $40 in 2019
8. All state/federal approvals in place for Vimy. Mine is ready. Uranium cake will be out of the ground and produced within 24 months of a contract
9. Lending facility virtually in place with Societe Generale. Caveat on Uprice and binding contract only
10. Market Cap will be $500m + when contract is in place. From $25m today !
11. If u believe in Uranium thesis playing out in next 12 months, this company provides outstanding leverage. One of the few real prospects in Australia
Cheers
Pez
VMY Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held