DEV 3.23% 15.0¢ devex resources limited

Tim G is a ROCK star, and if there is going to be a massive...

  1. 1,052 Posts.
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    Tim G is a ROCK star, and if there is going to be a massive commodities bull market over the next 10 years, then Uranium is the "Rockstar" of commodities. Nabarlek - is/was historically Australia's highest grade uranium mine.

    "DevEx holds a dominant land position in the Alligator Rivers Uranium Province (ARUP), in the Northern Territory of Australia – the most successful and highly mineralised uranium province in Australia.

    ARUP is considered a world-class uranium province:
    • >500 Mlb U3O8 endowment, including Ranger (194Mlbs U3O8) and Jabiluka (312Mlbs U3O8)
    • >30 years historic uranium production
    • High-grade, profitable deposits
    • Ongoing exploration success, such as the Angularli discovery by Cameco
    • Comparable geology and uranium endowment to the Athabasca Basin, Canada, the world's leading source of high-grade uranium currently supplying about 20% of global production"
    The ARUP is generally considered for Uranium, but has huge potential for PGE as well.
    This is but one of the many reasons why Devex is worth having a serious look at.
 
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