"Following optimisation of reagent usage, the Company has...

"Following optimisation of reagent usage, the Company has significantly reduced estimated operating cost to US$19.40/ lb U3O8. The achievement of operating costs at this level is extremely positive as the Tiris project is cash flow positive at both spot and contract prices in the current market."

Taken from page four of the half yearly report announcement

This is highly significant being an operation that can operate even at this end of the market and be in the green. This shows a substantial upside when things really start to take off for the price of uranium. $20 a pound is nothing the height of the last bull run was was $120/lb and our shallow and simply processed uranium is easily scalable as cashflow becomes available.

Its all set and ready to go with the recent catalysts that we should all be aware of ie:

Kazak state company needs a favourable market to float their upcoming IPO and that is a martket they are more than capable of influencing. This will be seen as they with-hold their supply from the market recently 10% production cut and by selling their Uranium to their new Swiss marketing arm further restricting their resources from the market. Long recent story short: This should make us all sit up as they will obviously want the economics of Uranium to improve so their IPO looks good!

Another catalyst will be the future plans for Nuclear on a macro-economic scale. Across the world and some of the largest economies governments are planning for more and more nuclear power. France has decided it will not reduce its nuclear power as it is struggling to meet its emissions promises without the clean power provided from it. This is significant in the world view of nuclear as western countries bring nuclear to the forefront of our minds not as an energy associated with disaster but one of clean energy.

China has over 230 reactors on the horizon with possibly 6-8 reactors coming online per year and 22 or more now under construction currently. this is significant because this is also coming from a country that has air pollution issues and they will want everything AEE has to offer and thats not just our uranium. Geopolitically China is our friend.

The current mood for uranium in the world is starting to be implemented to the positive. There are many more catalysts than this but at the height of the last bull market there were almost 500 companies having a go at it and now there are only 40-50. We are going to be a part of this upcoming story.

DFS is on the way for TIRIS and can start producing for a very low cost when things start to turn.

Don't miss this train as it will leave the station soon and the last bull started to run with nowhere near the same mix or number of substantial catalysts currently underway

Do some research guys and you'll find yourself struggling not to wee your pants as the butterflies of potential make you lose control of most bodily functions except placing a buy order.

God I love Uranium

Blood in the streets is being mopped up