re: technical incompentance read
I have read the report and stand by my comments. An "inferred resource" is just that, it is not "measured or indicated" and can just as easily disappear with further drilling as increase.
Just be cause there is pyrite in the core doesn't mean that it contains gold and uranium. if the widths quoted in AEX's announcement are the best from the drilling program look out. Management would drilled the best targets first.
Aex paid ~$6 million for this project. At the end of the last quarter they had about $2 mmilion in the bank. What out for the next qrtly report due out at end the month. The company will have less than $1 million in the bank. That is not enough for serious exploration. Where are the additional funds going to come from? Who would bank roll this? Because of the co's cash position you can bet they went after the cherries in the cake first. Wouldn't you?
I know what I'm talking about do you?
AEX Price at posting:
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