nice reminder
allenby value: 'VANE Minerals at 3.36p on the basis of a sum of the parts valuation which includes the SDA mill (currently worth 2.34p/share) and the Company’s existing NI43-101 compliant uranium resources (currently worth 1.02p/share) at Wate. Upside to this is primarily contingent upon exploration success at any one of the Company’s extensive portfolio of uranium and copper projects in Arizona, Utah and New Mexico.'
During the recent market turmoil, we have noticed investors discounting everything, including that which has already been marked down. We tend to shy away from being heroes or attempting to catch falling knives, however, buying when there is blood in the streets has always provided great entry points. At this point in time, we feel the uranium mining shares have bled enough and now offer investors an interesting speculative play with significant upside potential over the next 12-24 months.
http://seekingalpha.com/article/290875-why-uranium-stocks-are-headed-higher
And that is just China. You need to factor in India as well as the other nuclear development.
I'm sitting on a loss as well. We shoudl be due a drilling update soon. We haven't had one since July.
China has 14 operational nuclear reactors and according to the World Nuclear Association, 77 more reactors are either planned or under construction with aim toward increasing nuclear capacity to 80 GWe by 2020, 200 by 2030 and 400 GWe by 2050. However, the nation's domestic uranium resources don't even come close to the amount needed to fuel such an expansion. To secure uranium reserves, China has been aggressively moving to sign supply contracts and joint venture mining agreements as well as to purchase uranium mines overseas. By 2020, China is expected to account for 20 percent of global uranium demand, according to Resource Capital Research.
http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=475565&_Type=Market-Commentary&_Title=Securing-uranium-supplies-still-essential-to-Chinas-energy-security
It feels like it but even the bigger shares are suffering as well
ISAT down to 383.5 from 620
VAA down to 1180 from 1350
POG down to 737 from 1050
RIO down to 3818 from 4700