This stock just has to go for a run sooner or a later. To date it seems bad timing. Going well on the uranium side, and the uranium price stumbles, and then looking like one of the best iron ore projects in South Australia's new iron ore area, and magnetite falls out of favour. There is no doubt that both commodities are going to improve in themid term future. Five great looking projects- Olary Creek Iron Ore: free carried to bcompletion of bankable feasibility study and decision to mine. Best grades and low impurities in the area. Good tonnage. Even the royalty, if they convert to that, is worth a couple orders of magnitude more than the current share price. Monster Project in Ashburton: surface sampling and mapping is showing this to be a potentially new gold/silver camp.It may well turn out to be one of the hottest projects in the country. Argentina: gold/ silver and uranium projects which are at grass roots stage but all indications are that they are going to be great pojects. Gold project with numerous outcropping epithermal veins over 2km long and 1 to 40 metres wide, and having never been explored, and the uranium project with high grade uranium all over the surface, and also never been explored. Westmoreland in Queensland looks like a fantastic project which most companies would die to have. Pity it's in a state which is currently not so keen on uranium. We can all hope that will change. And $4.5 million in the bank!!!!!
AYE Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held