AEE 1.61% 15.3¢ aura energy limited

Next cap raise price? 7c, page-7

  1. 757 Posts.
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    There is no value in the tenement because it's not economically viable to extract the minerals, its low grade radioactive mud. Before the recent uranium bull market Aura was spruking the tenement as a vandium deposit (or whatever other mineral is in it) without a mention of the U. But since U is the new hot commodity it's now a large uranium deposit. The locals will never ever allow radioactive mud to be mined and even Grove acknowledges the challenges with mining in Sweden.

    The Fäbodtjärn mine....yes the first mine to open in Sweden in 12 years and how many years of court battles did it take? 13 years and it was Sweden's own Government Agency that was leading the fight against the mine. $25million plus in legal fees spent along the way (only a fraction is recoverable of course).

    This is why I say Haggan has no value, it's not economical to mine and even if it was you will need to fight the locals and Government for a decade plus before you can move a single shovel of the radioactive mud.

    s.loeb.
 
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