AEX acclaim exploration nl

question to uranium follwers, page-6

  1. 24,765 Posts.
    re: ** question to uranium follwers What I have noticed here is how so many people with minimal knowledge make things so complex. Indeed, so complex that you shouldn't be buying shares in any company.

    For starters, quartz-pebble conglomerate deposits make up approximately 13% of the world's uranium resources. So it is clearly NOT TOO HARD to mine. Particularly with the uranium price now rising strongly. Major examples are the Elliot Lake deposits in Canada and the Witwatersrand gold-uranium deposits in South Africa.

    The information in AEX's release to the ASX "that relates to exploration results and a resource calculation is based on information compiled by Francois Martens of Mabex Consulting Geologists who is a member of the Geological Society of South Africa and the South African Council for Natural Scientific Professions (Recognised Overseas Professional Organisations) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code."

    AEX are paying $6 million for an advanced uranium project with exciting exploration upside. I do not believe the information AEX has received from qualified professionals about the uranium and exploration potential is incompetent.
 
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