I understood that the concentrations combined with other factors including extraction costs and processing rendered this project non viable at current Uranium prices. I thought the price would have to increase dramatically for this project to be viable. Can anyone elaborate?
Back in 2008 Sino King expressed an interest in this project and this company. In early 2009 Sino King decided the project/company was not worth the risk and withdrew. Fraser and Beeson indicated this was due to the stage of the project, that Sino King expected a feasibility study before they would proceed. On the basis of news released by AEE I must admit that I was also under the impression this project was far more advanced and far more viable. AEE also indicated they were now free to seek the association of other parties.
Obviously if this project has anywhere near the potential that AEE have heavily suggested you would expect to see vast advancements since Feb 2009. I have seen none. Can anyone elaborate?
AEE Price at posting:
14.2¢ Sentiment: None Disclosure: Not Held
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