Mawson is a small mining holding company that has stumbled into a couple of huge finds. The concentrations of the metals and minerals, are unheard of. Please read from a release from the company.
"The Company is exploring at Rompas in Finland, a new discovery with BONANZA GOLD where samples up to 12,800 g/t (373 oz/ton) gold and 43.6% uranium have been identified. In addition, the Company is exploring for gold and copper in the highly prospective Cordillera of Peru, with a focus on a new high grade gold discovery at Alto Quemado.
Mawson is a leading Scandinavian uranium exploration company, with advanced projects in Sweden and Finland. As the European Union moves to reduce its reliance on carbon-based energy sources and continues to debate energy security, Mawson is well positioned to provide Europe with the option to fuel its future. Areva NC of France holds 11% of the Company and provides Mawson with an active technical partner.
With a strong cash position and a multi-jurisdiction European and South American portfolio, Mawson is ideally positioned to enhance its status as a leader in the uranium and gold industries."
What else is interesting to me is the capital structure is in strong hands, with low share count. This means to me, that retracements will be shallow, as only weak speculators will sell. Having said that, the move on this news has aleady happened, and I will wait for either a retrace to the 50 EMA, or allow the 50 to catch up.
Uranium prices are impervious to external events as the Chinese must secure fuels for their ever growing power plants.