Uranium spot price, page-864

Each project has it's own issues to work through and honest discord is always welcome. Selectively raising issues without laying all the facts out is completely dishonest. Berkeley was an upcoming favourite of many and had secured significant funding which made it seem like a certain success but the permitting issues stood out as a major hurdle due to the high grade portion of the resource being next to a populated area. I have raised this issue on a number of occasions. Aura has had a number of issues delineating the Tiris resource because of the loose association carnotite has with the weathered granite, hence the requirement for down hole logging and magnetic surveying. This should not be a problem when digging up the ore as bulk feed because the carnotite will be trapped within the weathered granite and only released when washed and screened.

From my observation, the market is only rewarding projects that have reached certain milestones or are being promoted by mainstream brokers. Aura's great projects clearly, still carry some uncertainty and the bear market which necessitated prudent money management and a go slow approach, has created a lot of the current uncertainty. Having said that, the potential for a massive re-rate increases by the day. Vanadium is over double the price is was when Peter was excited about the massive potential of Haggan battery metals. Vanadium has now come into play at Tiris. Uranium has become an awakened, emerging bull. Confirmation of what the Coy already believes, will make many fence sitters scramble to get on board. I feel sufficiently convinced in the projects and management's ability, to go very long.

BKY holders must consider that where there is rumour there is usually truth. While I cannot advise them about their financial choices, if it were me I would salvage what I can and buy 14 AEE for each BKY and at least have the potential for a big re-rate that can hopefully restore their losses and give them exposure to not only Uranium but to an even bigger bull...vanadium. Keep your eyes on the prize! GLAH