I agree. Gold and uranium project for the nickel project...and 4.5 million shares.
I'd be more than happy if AEX sold them all and reaped the $4 million and invested it in further drilling at DD and surrounds.
Sell it AEX and move on and create value with the existing/current project NOW. Waiting for Metex may be a good longer term strategy 'perhaps' but DD is ready to be developed and value added to the inferred resource to get it measured and indicated. With Gold and uranium strong the time to move is now.
Looks like AEX will aggressively be doing this.
The caution atm with AEX and DD is excessive. We are more than half way through (drilling the sixth of eleven holes) on the initial drill program and we are sitting on 4 cents.
The company are only drilling to around 45 metres so that in itself must mean they have confidence in the former drill program data and the area.
What happens if the drill results are good?...or very good?
Its a good question to ask from a trading perspective as now appears a buying opportunity for those looking to 'trade' and sell on the announcement/s
Longer term its very attractive.
AEX will get their 11,000 tonnes of Uranium and their 2.5 ounces of gold. They will either get it this year or next but the geology and the confidence of the geological consultants suggests they will get it. Whether they do it via the planned drilling outside of the known mineralisation zone (as they have recently announced) or within it.....
They will get it.
What then?
4 cent share price?
The 'immense' potential here suggests we are sitting on a viable operation that will either be delineated measured and indicated further by AEX...or picked up by a bigger operation.
Either way, value is going to be added to this project.
What we do need though is the company, and inparticular TG to come out and start adding some detail and some 'meat to the bones' here.
Its not going to be long before the company can act on its 'own data' and start to confidently announce to the market that they think that DD is the real deal.
Next couple of months we should see this start to happen imo.
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
