{"id":763,"date":"2012-08-22T12:34:50","date_gmt":"2012-08-22T01:34:50","guid":{"rendered":"http:\/\/www.australianuranium.com.au\/blog\/?p=763"},"modified":"2012-08-22T12:34:50","modified_gmt":"2012-08-22T01:34:50","slug":"aura-energy-asx-aee-now-worlds-second-largest-undeveloped-uranium-resource","status":"publish","type":"post","link":"https:\/\/www.australianuranium.com.au\/blog\/aura-energy-asx-aee-now-worlds-second-largest-undeveloped-uranium-resource\/","title":{"rendered":"Aura Energy (ASX: AEE) now world&#039;s second largest undeveloped uranium resource"},"content":{"rendered":"<p>Please note that this entry was posted in 2012. Since then AEE has markedly improved its benefaction and processing and its market cap is 1\/4 of what it was. More info at <a href=\"http:\/\/www.auraenergy.com.au\/\">http:\/\/www.auraenergy.com.au\/<\/a><\/p>\n<p> For quite some time now I have been banging the drum for ASX micro-cap AEE based on its EV:Resource ratio. Today&#8217;s ASX release confirms my expectations and the figure below shows why. <a href=\"http:\/\/www.australian-shares.com\/forums\/search?Search=aee\">See earlier posts re AEE<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-764\" src=\"http:\/\/www.australianuranium.com.au\/blog\/wp-content\/uploads\/2012\/08\/haggan-now-second-largest-1024x732.jpg\" alt=\"haggan-now-second-largest\" width=\"600\" height=\"400\" \/><\/p>\n<p><strong>Drilling that has been used in this resource statement covers only 25% of Aura\u2019s permit areas at H\u00e4gg\u00e5n. The majority of Aura\u2019s permits in the district remain untested.<\/strong><\/p>\n<p><strong>Market Cap = $22m placing AEE as one of the cheapest uranium plays in the world. <\/strong>Adding to this is AEE&#8217;s extensive and successful mineralogy with a rapid turnaround heap leach process.<\/p>\n<p><a href=\"http:\/\/toroenergy.com.au\/CampaignProcess.aspx?A=Link&amp;VID=1787399&amp;KID=142187&amp;LID=555406&amp;O=http%3a%2f%2ftoroenergy.com.au%2f_literature_110200%2fIndependent_Investment_Research_Report_-_Toro_Energy\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-781\" src=\"http:\/\/www.australianuranium.com.au\/blog\/wp-content\/uploads\/2012\/08\/uranium-comparisions-asx-aee-highlighted.gif\" alt=\"uranium-comparisions-asx-aee-highlighted\" width=\"770\" height=\"733\" \/><\/a><\/p>\n<p>Please note I have highlighted Aura Energy and Greenland Energy and Minerals. As you can see AEE has an enterprise value \/ resource ratio of 0.02 whereas\u00a0 Greenland Energy and Minerals is\u00a0 0.3.\u00a0 What needs to be recognised here is that Greenland Energy and Minerals has the world&#8217;s<a href=\"http:\/\/www.australianrareearths.com\/images\/global-ree1.gif\"> largest rare earths resource<\/a> in the same <span style=\"margin-right: 0\"><span class=\"spell\">Kvanefjeld<\/span><\/span> deposit. (Aura also has co-credits of <a href=\"http:\/\/www.australianuranium.com.au\/blog\/wp-content\/uploads\/2012\/10\/aee-contained-metal.gif\">Mo, V2O5, Zn<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Please note that this entry was posted in 2012. Since then AEE has markedly improved its benefaction and processing and its market cap is 1\/4 of what it was. More info at http:\/\/www.auraenergy.com.au\/ For quite some time now I have been banging the drum for ASX micro-cap AEE based on its EV:Resource ratio. Today&#8217;s ASX &hellip; <a href=\"https:\/\/www.australianuranium.com.au\/blog\/aura-energy-asx-aee-now-worlds-second-largest-undeveloped-uranium-resource\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aura Energy (ASX: AEE) now world&#039;s second largest undeveloped uranium resource&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-763","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/comments?post=763"}],"version-history":[{"count":0,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/posts\/763\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/media?parent=763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/categories?post=763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australianuranium.com.au\/blog\/wp-json\/wp\/v2\/tags?post=763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}