Short Term Trading Weekend Lounge: 4-6 May, page-51

AEE Aura
(uranium and vanadium)

Uranium is unloved now but it will be popular again. Large companies have been cutting supply while demand is projected to increase. I included a list of uranium companies I follow. AEE is conducting a DFS for its uranium resource in Africa and has a large inferred vanadium resource in Europe.

The volume has dried up at 2.3 cents. Big players started to move in last Friday. Worth watching

	Column 1	Column 2	Column 3	Column 4	Column 5
0	Uranium Company	Market Capital	Actual or potential operating cost (per pound)	Resource	Capex Million dollars
1	AEE Aura Tiris Haggan	26 million	$20 $13.5	52 Mlbs 803 Mlb	45 537
2	BMN Bannerman Resources	35 million	$38	270.7 Mlbs	793
3	PEN Peninsula Energy	58 million	$29	110.7 Mlbs	113 (Expansion to reduce operating cost to $29)
4	VMY Vimy Resources	43 million	$28	90 Mlbs	493
5	BKY Berkeley Energia	216 million	$15	89.3 Mlbs	Already producing
6	PDN Paladin Energy	223 million	Latest period $30 (lowest $16)	128 Mlbs	Already producing
7	BOE Boss Resources	85 million	$15.60	57.8 Mlbs	10 (restart capital)

	Column 1	Column 2	Column 3
0	Vanadium Company	Market Capital (million)	Resource
1	KRC King River Copper	97.3	4,712 million tonnes at 0.3% V2O5
2	AEE Aura Energy	24.3	2,150 million tonnes at 0.28% V2O5
3	TNO Tando Resources	33.2	513.3 million tonnes at 0.78 percent
4	AVL Australian Vanadium Limited	62.3	180 million tonnes at 0.75 % V2O5
5	TNG TNG Limited	116 (advanced project)	160 million tonnes at 0.28%
6	TMT Technology Metals	21.3	120 Mt at 0.8% V2O5