Imo, I believe it's due to the geography of the assets and I'm not talking about sovereign risk. The push for nuclear power is centralised around India and China, both of which are trying to promote their own self-sufficient nuclear power industry, this means govt. assistant in upstarting projects locally. AEE's projects are situated in - Mauritania, which may service India and China, depends really on China which is building ~29 of the 43 newly commissioned plants worldwide (don't quote me on those exact figures but China is building over half of them), and I imagine Africa will not be starting any nuclear plants in the near or long term future - and Sweden, in which Germany is phasing out nuclear.
There's also concerns of an oversupply of uranium, China has already stockpiled, people still remember Fukushima, protest and petitions against recommissioning and a range of other macroeconomic factors which I can't be bothered quoting and/or can't remember from last night's reading.
I haven't really looked at other uranium explorers/producers but I'm pretty sure none of them have assets like Naguibat (ridiculously low capex, surface mineralisation) and Haggan (uranium, nickel, vanadium, zinc monster) and are valued at what AEE is. There's a gem in every industry.
AEE Price at posting:
3.3¢ Sentiment: None Disclosure: Unspecified
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