Macquarie has released a new research note looking at Boss Energy, which forecasts some healthy share price upside for the company.
Boss Energy released a new feasibility study for the central Honeymoon uranium mine in August, which envisaged production until at least 2034 based around a new in-situ well design.
Macquarie increased its 12-month price target on Boss Energy shares by 11% to $2 per share following the inclusion of the Jason's and Gould's Dam projects.
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Summarized version
Boss Energy Ltd could be producing uranium from three deposits by early in the 2030s Macquarie says, and remains leveraged to rising uranium prices. The broker said only a small fraction of Honeymoon's production was contracted, giving the company good leverage to rising uranium prices.
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The article, shortened and in plain language
Boss Energy Ltd could be producing uranium from three deposits by early in the 2030s Macquarie says, and remains leveraged to rising uranium prices.
Macquarie has released a new research note looking at Boss Energy, which forecasts some healthy share price upside for the company.
The broker said the company had recently provided more clarity around unlocking two satellite deposits with one to be connected to the processing facility via a trunkline and the other to truck loaded resin in.
Macquarie said the indication was that Jason's could be in production by early CY30 while Gould's Dam was looking like early CY31.
Boss Energy released a new feasibility study for the central Honeymoon uranium mine in August, which envisaged production until at least 2034 based around a new in-situ well design.
The company is expecting to produce about 13.8 million pounds of uranium over a nine year period.
Macquarie increased its 12-month price target on Boss Energy shares by 11% to $2 per share following the inclusion of the Jason's and Gould's Dam projects.
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