And almost as big as Olympic Dam...
AEE has the 2nd biggest ASX-listed uranium deposit, yet is capped at just $8 million with $2 million cash.
The 3rd pole is AEE's Haggan deposit in Sweden:
The above image is a little out of date... AEE's pole is actually a little longer - Haggan stands at 803 million pounds.
And it also holds 1.6 billion pounds of nickel, 2.2 billion pounds of zinc, and 1 billion pounds of molybdenum.
AEE's main focus right now is the Reguibat deposit in Mauritania, where 49 million pounds lie within 5 metres of surface.
Scoping study gives a low capex, low opex, long term, high margin operation:
Estimated 750,000 pounds annual uranium production over 15 years with startup capital costs of around $50 million, production costs of $30 per pound, pre-tax cash flow of $360 million and an internal rate of return of 78%,
These figures are based on indicated and inferred resources of 49 million pounds.
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