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Few investors know that Aura Energy ASX:AEE one of Australia’s listed micro-caps (Mkt cap ~ $6m AUD) owns one of the world’s largest undeveloped uranium assets in a uranium mining friendly precinct.
Respected resource analysts RCR have published a company update:
Investment Comment: A re-rating of AEE is expected as key technical and permitting milestones at Reguibat are achieved – Scoping Study expected June ’14, and potentially a feasibility study 2H15, coinciding with an anticipated turnaround in the uranium price. We have a 12 month target price of $0.14/share ($27m). Mauritania is supportive of foreign investment, particularly in the extractive industries (oil, gas and minerals) and is attracting significant mining investment. The enormous Häggån project represents a free option – it is well positioned to deliver considerable value longer term as its scale and low cost position have potential to make it a world class uranium project. Click here for the full (free) pdf. report.