DYL has taken the middle ground in 2025, advancing less than 1%, a performance in-between BOE and PDN. During the first half of FY25, Deep Yellow focused on advancing its Tumas Project in Namibia. However, in the March quarter, the company deferred the final investment decision (FID) due to insufficient uranium price incentives to justify greenfield project development – an example of low prices being the remedy for low prices as they disincentivise new production. The company is now in a degree of limbo until the uranium price turns.
- We can see DYL testing $1.50 through 2025.
MM is bullish on DYL medium-term
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