Vimy Resources (VMY) - Strong Refreshed Uranium DFS. Excitement Mute

Matthew Gordon,
Ptolemy Capital

8 Months ago

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.

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