Monsters of Rock: How much is Boss Energy worth, and who avoided the selldown today?

Pic: The Boss Baby 2, Universal Pictures (2021). share

Analysts at Bell Potter think Boss Energy (ASX:BOE) could make a final investment decision on the restart of the Honeymoon uranium mine as early as March next year.

Bell Potter has slapped a speculative buy recommendation on Boss after initiating coverage last week with a 44c price target. The yellowcake stock was trading at 35c today, giving it a market cap of $780 million.

Its main game is the Honeymoon uranium mine, which it picked up during the uranium doldrums and has been shut for almost a decade.Boss has outlined a ~$107 million (US$80 million) capex cost to refire the mine, which would become just the third operating uranium mine in Australia should it enter production.It is likely to have around a 12 month timeline from FID to first production, with Boss’ primary aim to lock up long-term contracts with utilities to […]

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