Australian Shares Sparty's Blog
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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•Market Cap ~$30m gives 6.6 Mlbs uranium, 14.8 Mlbs nickel and 3.6 Mlbs molybdenum per annum for 25 y
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Aura Energy (ASX: AEE) announced today:
STRONG POSITIVE ECONOMIC RESULTS CONFIRMED FOR HÄGGÅN – MOVING TO PRE-FEASIBILITY HIGHLIGHTS
Independent consultants have completed the first Scoping Study for the Häggån
Project:
Scoping study confirms economic viability for bioheap leach project
Net Present Value (NPV) - US$1,090M (pre-tax, 10% discount rate)
Internal Rate of Return (IRR) 47%
Total life of mine capital costs of US$769 million, including sustaining capital
Payback in approximately 4.3 years, or less than a fifth of current project life
Operating costs of US$36/lb uranium net of by-products
Low mining costs - strip ratio of 0.75:1
Nominal 30 Mtpa operation with a 25 year initial mine life - scope to expand
Target initial annual production of 6.6 Mlbs uranium, 14.8 Mlbs nickel and 3.6 Mlbs molybdenum; target would place Häggån in the top 10 uranium mining operations
Sweden - excellent jurisdiction to develop a very long life mining operation
Similar-sized multi-metal bioheap leach operation in neighbouring Finland
Next-step: PRE-FEASIBILITY
I hold AEE -
AEE is a good share to hold if you believe that the energy of the future will come from uranium. I think that gas from its may sources will make uranium uneconomic.
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Recent commentary suggests that uranium will play a strong part in electricity production going forwards. The recent under-supply of gas from Russia to Europe underlines the importance of having alternatives.
The uranium report just published by Martin Place Securities is one of the best I have read. It contains nearly all of the information you will require to make a decision about uranium and uranium shares. The MPS people also put Australian ASX companies neatly into the world context. Download the MPS report (pdf) -
Sparty, MPS's report is, as you say, an excellent read and provides a compelling case for uranium future. I'll reconsidder.
