Global Atomic: A Uranium Miner With A Valuable Zinc Business

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About: Global Atomic Corp. (SYIFD)
by: Gold Panda
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Gold Panda
Gold, long only, Deep Value, long-term horizon
Summary

Global Atomic owns Dasa, one of the few uranium projects in the world which is feasible at $25 per pound.

The company has a zinc business with Befesa which can generate EBITDA of more than $30 million in 2020.

The main uncertainty with this story is how much the Dasa project will cost as initial capex could range anywhere from $37 million to $467 million.

Introduction

I’ve covered Global Atomic (OTCPK:SYIFD) afew times in my “Best Drill Interceptions In The Metals Mining Sector For The Week” series here on Seeking Alpha and the company is on my shortlist