Q: This company is at a 4 year low,with all the nuclear talk about need for power and AI Hoopla,I know this is years away from production,do you think it’s anything more than a lottery ticket or with the Quality of their properties is it a possible take out target your thoughts on the company and management,as always a Bigly thanks
5i Research Answer:
Overall we would view it as more speculative, being a pre-revenue uranium exploration company. If the theme get hot, it likely does well but a lot of assets is flowing more to the SMR types of power names opposed to uranium names specifically. That might change but is hard to say if or when that type of shift would occur. The company burns $1 to $2 mln a year but does have $7.7 mln in cash so there is a bit of runway. Regardless, at a $59 mln market-cap, we would view this as high risk.