Our nation’s mineral security is a significant, urgent, and often ignored challenge. Our reliance on China and other nations for critical minerals costs us jobs, weakens our economic competitiveness, and leaves us at a geopolitical disadvantage. I … appreciate the administration’s actions to address this issue, but Congress needs to complement them with legislation. Our bill takes steps that are long overdue to reverse our damaging foreign dependence and position ourselves to compete in growth industries like electric vehicles and energy storage. – Lisa Murkowski
$SBGL : Sibanye-Stillwater revises offer for Lonmin. Sibanye is now offering $291.49 Million to buy Lonmin, lower than price offered in late 2017. [LINK]
$DYLLF : Deep Yellow reports encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5. Drilling also delineated continuous uranium mineralisation on EPL3496 in the Tumas Central area to the west of Tumas 3. [LINK]
$VGZ : Vista Gold Corp. Receives Second $1.5 Million Guadalupe de los Reyes Option Payment from Minera Alamos. [LINK]
$SSPXF : Sandspring rethinks Toroparu in Guyana. Sandspring Resources is putting the finishing touches on a PEA for its Toroparu gold project in Guyana that rescopes the project’s PFS, and includes a third gold pit. It aims to table the study in a couple of months. [LINK]
There are mounting indications that the generally accepted high probability of continued losses in the uranium sector has been priced in. Which is to say, the medium- and long-term expected value for staunch bears is now negative, while the medium- and long-term expected value for long-suffering bulls is now positive, although the curia’s perceived probability of gains remains low.
The bears have been correct for a long time although the frequency of their correctness and magnitude of wins have declined, with a handful of exceptions.
GoviEx and Fission are two examples of names that may enjoy upside returns of a magnitude greater than those of peers, as shorts have been more frequently correct though concomitant returns have been somewhat diminished. This is a tell-tale sign of wanton complacency in the aforementioned names.
I want to own names like these whose returns are potentially a full order of magnitude greater than their peers as a result of outcomes that fly in the face of higher probability, albeit moderately-to-extremely priced-in, outcomes.
Texas Mineral Resources presently trades at a mere 4.6% of intrinsic value ($4.31) at today’s spot uranium prices, cementing it in the pantheon of U.S. development-stage companies as among the most grossly undervalued.