Company
ASX:BOE
Boss Energy Ltd has one of the few uranium projects ready to participate in the early stages of the new uranium bull market; it truly is a product for this time. Against a backdrop of strengthening uranium prices, the company has been proactively identifying, addressing, and positioning the Honeymoon Project to be Australia’s next producer of up to 3.3M lbs per annum.
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Honeymoon is one of the highest grade un-mined uranium resources in Australia, and 1 of 4 fully permitted. Given the time it takes to attain permits, this theoretically places them 3-5 years ahead of peers.
Honeymoon is one of the highest grade un-mined uranium resources in Australia, and 1 of 4 fully permitted.
Boss has already increased the project resources by 330% since its purchase in December 2015 and is targeting resuming production at the mine by 2019 but with a much larger operation.
The Boss Resources share price has been on a strong upward trend since early to mid 2015, increasing by 153% as investors have twigged to the near term production with exploration upside in an underexplored uranium province.
Boss Resources Ltd Sydney/Melbourne Investor Luncheon Presentation
Honeymoon is one of the highest grade un-mined uranium resources in Australia, and 1 of 4 fully permitted.Find out more from Grant Davey, executive director, when he presents at Proactive's Spotlight CEO Sessions in March. Register today!
Patersons has rated Boss Resources as a Speculative Buy, putting a 12-month price target on the company of A$0.10-0.13 per share. This is around three times the A$0.036 share price when the report was published.
