2354 GMT - Heavy rain that has forced the suspension of production at Boss Energy's Honeymoon uranium mine is just near-term noise, says Ord Minnett. Boss's more pressing concern is whether it still has a long-term viable business case, analyst Matthew Hope says. "Poor continuity of mineralization outside the restart area has rendered Honeymoon's original wellfield design and scheduling uneconomic," the bank says. That's because many more wells than anticipated would be needed to hit nameplate output of 2.4 million pounds of U3O8 annually. Instead, Boss aims to recover low-grade ore, which can only be economic with lower costs and wider-spaced production wells. "Boss believes this concept could work but this approach has not been implemented anywhere else," Ord Minnett says. It retains a sell call on the stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 04, 2026 18:54 ET (23:54 GMT)

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