Deep Yellow Limited Inches Closer To Production

Michael Del Monte6.84K FollowersFollow5ShareSavePlay(10min)CommentsSummaryDeep Yellow Limited is nearing FID for its Tumas uranium project, targeting first production by 2029.I recommend DYLLF shares with a Buy rating and a $1.43 price target, assuming $80/lb uranium and a 10% discount rate.Tumas is fully permitted and has a projected all-in sustaining cost of $45/lb U3O8. DYLLF has 430Mlbs in total resources across four projects.Macroeconomic trends and energy security concerns may favor nuclear, but natural gas competition and uranium supply risks remain material. bymuratdeniz/iStock via Getty Images Deep Yellow Limited (DYLLF) is nearing the early stages of ramping up production, with its flagship Tumas project nearing FID. With early development underway, the project may commence production within 3 years of FID, delivering first shipments inThis article was written byMichael Del Monte6.84K FollowersFollowMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Analyst’s Disclosure: I/we have a beneficial long position in the shares of GEV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.