I agree while Gold is on a 25yr high and as long as it stays over $500 it's commercially posetive for AGS and lots of other small Gold miners. What will the spot price of Uranium be at the end of the year? From 29-Dec-03 $14.50 27-Dec-04 $20.70 26-Dec-05 $36.25 30-Dec-06 $43.00 to $55.00????? At present AGS has a done deal,they can just sit back until the official JORC estimate is done. G Atomics & Heathgate are on a 75% winner I dont believe that they will go for a takeover. Because down the track there will be other J/V opportunities, it goes well to keep a good profile. At present I dont see any other small Uranium cap with a better deal.
Imagine
AGS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held