I hear you, but uranium is an opaque market. It looks like they are getting all their ducks in a row. It is taking longer than expected. FID in this instance - is simply raising the capital to build the plant. They have ticked every other box. The geology is a winner - you need a bulldozer to mine.. it is 5 meters deep.. they have govt support. What they have is a location 200km from Mali.. which makes a few nervous. That has slowed it all down.. But overall great geology will win in my view.. so calm a few bankers down.. and happy days.. I only see upside longer term.. humans cannot resist mining a good asset..
AEE Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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