Originally posted by Trade138
Hi Growler -
We've been over this before about the Uranium market. The U price has not had a major price surge like Vanadium this past year. Navigating the U market for juniors has been tough for ALL coys since Fukushima.
The delays at Tiris - please explain, if you have time - why AEE would progress one of their main assets to production, and then sell their product at close to a loss? Even for you - you can't justify that. That would just be plain stupid.
Leading industry experts, suggest that the tide is turning for U now - Tiris is shallow. The mine can be producing within 2 years. It's going to catch the U Bull perfectly - you know this. It's got a licence now - The DFS will be a big green light. Funding won't be an issue (I doubt you'll disagree as it's so low.)
I feel I tweaked you a little bit over my assessment of AVL - to defend my point - The time for Vince and AVL to get things done was this year - as the interest in V spiked together with the price. They've also let there production schedule slip to 2022.
When compared to AEE/Peter/Tiris - the U price has just started to gain traction, it's widely expected that once the price of U breaks above $30 (and stays there) then new money will enter the U space - this, I think you'll agree, now puts AEE in a great place with a project that has: low Capex and Opex - a mining licence - a DFS scheduled - financing discussions progressing well.
Haggan - although you seem to continually doubt his abilities - Pete has done a fantastic job at Haggan, IMO. He had to switch focus from Uranium to Battery Metals. AND - he's still going to progress that tenement. Incredible work IMO.
Sorry to disagree with Sir - but delays in the U space have been wide spread, as the price has been low - the wider market awaits a break over $30lb before getting to excited. Annoying - yes. But like I've said before, why dig up the U and sell it so cheaply? doesn't make sense IMO.
You also seem to mention Pete's salary, again.
You pay for what you get Sir - Pete's track record of producing a 1$billion company is evident. He actually gets the job done. Fact. Proven track record. That's why you pay him well - his navigation of a U mining ban in Sweden and switching to Battery Metals - Great work Peter!! (Neutro has repeatedly proven you wrong about your continued misinformation about Sweden and U mining.)
What happens at Haggan in the next 6 months will be the time to judge him there, IMO.
Again, Happy New Year Sir.
T
Which? Ivanhoe Australia backed by Ivanhoe/Friedland? Or something more akin to a spec/sub $20m explorer taken to production?
(20min delay)
