Скачать или смотреть Vimy Resources (VMY) - Strong Refreshed Uranium DFS. Excitement Muted

Interview with Mike Young, CEO of Vimy Resources (ASX: VMY)

Uranium, Uranium, Uranium: the mystery that is Uranium, investors are forever trying to solve... What sort of exposure can Vimy Resources offer them?

Vimy Resources is a uranium developer that is based in Perth, Australia. Its primary focus is on the development of its flagship uranium project, the Mulga Rock Project. Mulga is situated about 290km Northeast of Kalgoorlie in Western Australia.

Why is this significant? Mulga Rock is, quite simply, Australia's largest advanced uranium project, and the DFS, released in January 2018, confirmed this. However, the refreshed DFS, released in August (uranium companies have had a lot of time on their hands), exhibits decreased cash operating costs over the life of mine of 7%. Other encouraging highlights for this uranium play include a 20% reduction in capital cost, now down to $255M, and an AISC, $31.22, an 8% decrease from original figures.

Mulga Rock is shaping up to be a low-risk, open-pit uranium mining operation that could produce 3.5Mlbs of uranium pa for 15-years. It could well be one of the few uranium projects to get financed and could well be sitting at the uranium negotiating table with the utilities once $55/lb uranium contracts finally see the light of day. However, the market hasn't responded to this refreshed DFS with any kind of excitement. We wonder why?

Young and his team at Vimy Resources are confident; are Uranium investors? Comment below and we will respond.

If you want our take on this interview and Vimy Resources, go to cruxinvestor.com/club

0:00 - Introduction & Catch Up
3:54 - Company Overview
6:23 - Opinions on Macro: What are Utilities Waiting For?
13:31 - The Disconnect Between Spot & Macro, and its Impact on Share Price
18:54 - Mining Uranium in Australia
21:39 - Process of Becoming a Miner: Money & Time Required
24:32 - Raise of $5.5M: Allocation & Reasoning
31:03 - Environmental Approvals Granted: Easy Sailing From Now On?
32:59 - Renewed DFS Results: $55 Contracts Coming When?
39:03 - Big News, No One Cares: Convincing Investors of Future Success
43:58 - Alligator River Plans and Timeline
46:50 - Impacts of the Weakening US Dollar: Any Concerns?

Company page: https://www.vimyresources.com.au/

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