Alpha, with a couple of landmark moments in 2018 I do expect this to become one of the most exciting ASX listed companies as its potential becomes realised.
Theres still a lot of unknowns and lots that still needs to be quantified:
Tiris: how will our U resources shape up in ppm ore upgrades. If we can extract most of the U down to 100ppm and upgrade it from there (up to 2000 ppm), we will have a quality resource that competes with any low cost producer. We mustn't forget that we will have progressed funding discussions. Then theres Hippolyte South which may well carry significant amount s of U.
Haggan is in favour now, but Tiris could be our first cash machine.
Tasiast: we know that Aura's team already understand the geology from previous experience. Theres a lot to be excited about here but its a great unknown for now. Tasiast alone could force a major lift in our MC.
Haggan: this coudl be anything if it sparks the public imagination and Sweden eyes it as a globally significant metals base. IF battery metals remains a key investment vehicle over the next few years, we could see some overvaluation across the industries MCs - its not uncommon right?
If all of this gets realised in some capacity - that Tiris brings in revenue, if Tasiast drill campaigns suggest we have something quite stellar (news please management), and we attract investment for Haggan, all without diluting the shareholder base too much, we must surely be looking at prices well in excess of $1. Given the variables in play its hard to do back of envelope calcs - but allowing a wide tolerance I'd suggest a lower price band of 70c by 2023 and a higher price level to $3 in 2023. A wide range but there's a lot to consider.
AEE is blessed with a signifcant portfolio. We all know this. The hard part is now - moving from speccy to junior - not many companies can do it, or even do it well as complexities in execution come to the fore. Those that can, see a huge lift in sentiment outlook and investment dollars. Our time is in the next 6-24 months. Management needs to shine, investors need to be patient. There is so much untapped potential here that we all stand to do very well in the longer term - IMHO.
It's great to see so many new posters here too getting excited about Aura. Some great posts in the last few weeks. For all you UK readers, I suspect the Haggan interest could well spark a fire in 2018
AEE Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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