What other micro cap pre-production Uranium miner globally has a cash cost of less than US$20 per pound with similar capex intensity and is DFS ready like Aura Energy? Note at 0.8c the cap is US$7m (excluding the con note).
Correct - there isn't any - the cap levels of the peer group are generally 3-5x higher with $30 plus cash costs....plus higher capex intensity and each of the sub-$20m caps are not PFS ready let alone DFS ready.
Why are current Uranium focused holders increasing their positions (and the Gold placement investors exiting)? Because the facts are clear this project is extremely compelling by all criterion. Gold has continued to underperform without increasing risk levels (and without a weakening USD), the gold investors have lost interest. The share register has turned over by 35% to Uranium cycle investors over the last 24 months. Stock supply of an additional 70mil shares will be taken up quickly on any further weakness. The turning point will be a certainty post a sustained lift in the Uranium spot price, as Ric Rule says, "its a when event, not an if event".
AEE Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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