I can assure you that if you are on AGS you are on the REAL DEAL.
It has been largely acknowledged that Beverley 4 Mile is "the most significant Uranium find in 30 Years". (Mark McGeogh, PIRSA)
The Grades are VERY HIGH. The size of the deposit is still unknown as it is open on many sides. 70,000 tonnes appears to be a pretty good guestimate
With a current Market Cap of $93M it is beginning to look very cheap in comparison with other Uranium Hopefuls,
Compare DYL (Market Cap $96M) TOE (Market Cap Fully diluted $172M) Both those companies have essentially nothing.
AGS has 25% of the best Uranium Discovery in 30 Years. It has an existing Uranium miner as a partner. Its right next door to an existing Uranium mine, and can be mined under the labour 3 mine policy.
A shortage in Uranium supply is here to stay for the next 4-5 Years at least. The Price of Uranium will rise to well over US$100lb.
Some Uranium Juniors are undoubtly over priced.
At some point in time the money will migrate towards quality.
AGS has achieved what most Uranium Juniors will never achieve, it has a large economic deposit.
Don't consider AGS to be a Uranium Bubble stock. It has a real Uranium Deposit and it can be mined.
The Beverley 4 Mile deposit will be the first new Australian Uranium Deposit to be mined. The size, and grade of Beverley 4 Mile looks like being very similar to Ranger. Guestimate of 39M Tonnes @ 1.8 Kg per tonne.
Like the dotcom boom, the quality companies are still here and doing very well.
AGS is quality
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held