If AGS has a 25% share of 15,000 tns U308 and is capitalised at $344 million, you can understand why Warwick Grigor says AEX looks rediculously cheap.
If even a portion of the DD resource of 11,000 tns U308 + 2.5 million Oz Gold can be proven, what value would AEX be capitalised at? Remember AEX holds 100% of their project!
With 22,500,000 MLX shares, $2 million in cash, $20 million capitalisation gives no credit to DD or the potential of the Guinea aquisitions.
Here's hoping next week will give us the positive news we've been waiting for!
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
