re: australias best uranium discovery in recent ye
Devs
Think of all the cap raising going for drilling exploration. Think of all those misleading statements by some companies based on very early preliminary drilling results. Some of these miners will never strike anything economically viable. Without the risk of subjecting myself to some abuse here, think of some recent stocks that skyrocketed based on the results of a couple of drill holes. Regardless of govt policy lift U mining next year, I can't see U mines popping up like corner stores. Be very aware of the fact some of the finds for any of these precious minerals will either be impossible to mine or just not economically feasible. No, it won't be a dotcom. If you have a lb of uranium and the spot is $60, then you'll get your $60. I would just be cautious of those cap raising because someone saw a glowing rock out the back of timbuktu.
AGS Price at posting:
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