U Sector Comparison - Micro Caps (Near DFS ready or better)

	Ticker	Exchange	Market Cap (USD)m	Capex (USD)m	Total Resources (Mlb)	Capex per 1Mlb resources	Opex/lb (USD)m	Production capacity (Mlb p.a)	Capex per 1 Mlb Production capacity	EV (USD)m	EV/lb
1	AEE	ASX	10.5	75	52	1.442	20.0	3	25.0	9.1	0.18
2	FSY	TSX	19.5	433	126	3.437	34.7	5.2	83.3	20.6	0.16
3	BMN	ASX	34.0	793	110	7.209	38.0	7.2	110.1	29.3	0.27
4	LAM	TSX	39.8	317	118	2.686	23.0	4.5	70.4	46.8	0.40
5	VMY	ASX	21.8	342	90.1	3.796	28.0	3.5	97.7	20.2	0.22
6	GXU	TSX	50.4	359	198.6	1.808	27.8	5.29	67.9	49.6	0.25

Its hard to find a better option for low Capex intensity or low Opex or EV per pound than Aura at the current cap level - yes this is assuming the DFS is consistent with previous publicly available information. Note compared to other African Projects like GXU or BMN how viable Tiris looks.