Vimy: One Of The Best Ways To Play The Upcoming Uranium Bull Market

Vimy: One Of The Best Ways To Play The Upcoming Uranium Bull Market

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Vimy Resources (ASX:VMY) ( OTCQB:VMRSF ) is an Australian uranium developer with a far advanced and significantly derisked project called Mulga Rock. Vimy will become one of the lowest cost producers with significant leverage to uranium prices, which need to at least double from here to balance supply and demand in the coming years. Vimy’s low valuation at around one fifth of NAV, high likelihood of getting into production and excellent management makes it one of my top picks for the upcoming uranium bull market. Uranium Market

The uranium market consists of the spot market, which is currently thinly traded with prices around $30/lb, and the long term contracting market. Long term contracts are typically priced around 20% higher than spot and for a variety of reasons almost no new contracts have recently been closed between utilities and miners. Longer term […]

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