AGE’s Samphire resource very similar size to 1AE’s high grade core of 19 million pounds at 485ppm . If 1AE’s beneficiation is successful we might see them at a similar grade to AGE. AGE have an ISR project so cannot change the grade of the feed on their deposit . It will be interesting to see how 1AE’s capex compares to AGE’s. I’d rate the US a safer jurisdiction then Australia but geopolitical risk is low in both. A bull market needs a darling, if U remains strong we might see 1AE become one as shares are soaked up and the register gets tight.
Current MC’s AGE 266 million . 1AE 26 million
1AE Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
