I agree, the Uranium (and Gold too!) price is VERY important for these juniors as the commodity prices contribute to sentiment and economics of a project.
As the commodities go up, so too the inferred value. I like that ;)
The article that Cunners posted yesterday (read it if you havent) is a very good read and highlights, for me anyway, the 'potential' here with AEX and the opportunity for the company to raise the numbers (like PDN has done from similar grades to AEX)
If DD isnt a pipedream and the geos have got it right then the market hasnt got this one right...by a long shot. Add current technology to the show and we have a number of strong positives to get good results.
Lets see if this is confirmed soon enough when larger players start to look a little closer. Articles like this are great advertising for the little projects and those institutions looking to make an early call.
Uranium at $48 and Gold at $630 + is looking better for AEX...add to that the exploration component outside of the mineralised zone and we do have a better than reasonable chance of resource confirmation and indeed upgrades.
Patience with the drill results folks, its now sooner rather than later. oes it matter if its this week or September 30? No it doesnt.
Today is yet another day where those who believe in this project longer term have a real opportunity.
AEX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
