while urre is currently mining as they wind down their wells and tailings ponds, urre is currently in shut down mode like all other uranium miners; until the spot price improves aboves 65$, operations in texas will be shut down;
however, b/c they are in shut down mode, cost have been reduced drastically; last quarter, they were 25$/pound and this quarter they will be similar or lower; b/c urre still has 40k pounds of yellowcake left in inventory, b/c they still had upwards of 10k pounds left to flow from the existing wells and b/c of the fact that they are going to see what product can be taken from the old tailings ponds, imho urre can turn a profit this quarter which could be a nice surprise for the shares; at the very least they will report another small loss which imho still deserves a much higher valuation than current;
urre is a great buy; billions of dollars of rock in the ground which is getting more valuable each day, clean balance sheet, lots of cash for acquisitions and great management; all for a 60million market cap?; not for long;
nobody in america has more uranium than urre and therfore the shares provide best leverage to higher uranium prices; this fact cannot be understated b/c one day the investing herd will need and want uranium exposure and they will come back to urre; as soon as the market gets a little more visibility on uranium mining in new mexico, urre shares will be much higher;
from another poster on another board
AI
