It seems to me that AEE does have some basis for its assertions re: the size potential of the Alum shale tenements. However, further drill testing to start next week will prove or disprove this.
The company next door continental precious minerals ($C1.04) has an advanced metallurgical testing and a pre-feasibility study underway, having done drilling, which will test the feasibility of mining uranium, vanadium, copper and other metals, hence it is a multi-metal project/ company, as AEE could be.
Therefore its fortunes are not just tied to the uranium market.
If AEE is successful in its $1.6m drill program, as they seem to anticipate, and the continetal precious minerals testing and pre-feasibility goes well then things start to fall into place pretty quickly for AEE, who could apply the same logic.
Could easily be a star company if the drilling and feasibilities stack up.
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