25% no control -re: vs other uraniums
Keep in mind AGS have only 25% - this means they are at the behest of their giant neighbor on this one. AGS are not in control. The fact that the prospect is called Beverley 4 mile may prove to be very telling in the long term. "Beverley 4" being the operative part. The Beverley operator wants to hold this ground. Yes it has good uranium grades. But Heathgate have as yet unexploited good uranium grades on their own leases at Beverley that are closer. These are likely to be developed first = Beverley 2. Beverley 4 mile will probably have to wait in line. Maybe it will be years off while a minimum of exploration happens on the AGS lease to keep the ground on tap for when Quasar finally get up to Beverley 4. Yes Beverley 4 mile has promise but may be held back for a long time. How low will AGS drop tomorrow? 5.3c is my pick.
AGS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held