Tiris 388m NPV is based off the previous 58.8m lb resource - it is now significantly higher at 91.3 m lbs and a new scoping study is in the works.
AEE has stated there is clear potential for further resource growth beyond 91.3m lbs at this mine AND the feasible development of 2-3 more mines of a similar size on Tiris' nearby tenements once permits are in place - (I assume these permits and exploration focus will be looked into after the current project goes in to production, around 2027).
Hagan's NPV is based off a U price of US$65/lb. Realistically this will be a lot higher by the time contracts are coming to fruition at the back end of this decade ($85/lb/-$100/lb pessimistic range). Obviously with an 800m lb resource size, this US$20 price increase at US$85/lb will see Hagan's NPV increase significantly. Similar to Tiris, I'm sure we will see an updated study in due course.
These few factors result in an increasingly stronger best and worst case scenario for AEE and there is definitely great times ahead of us in the short term (with Sweden news and FID etc), but for the U bullish bunch (as I'm sure everyone here is) the rewards reaped in the long term (post 2030) will be exponential.
buy the dip, sign out of your broker and hold on for dear life. NFA GLTAH
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