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Aura's Reeve on surviving the uranium cycle

The basic idea behind development in a downturn is that by the time your project is done, the cycle’s on the other side and you've got a producing asset in the hottest commodity around for relatively cheap start-up costs. Aura Energy (LN:AURA) is working to that model for its Mauritania uranium project, Tiris, and has gold prospects in the same country as well as a Swedish uranium asset on the backburner.

Aura's Reeve on surviving the uranium cycle Aura's Reeve on surviving the uranium cycle Aura's Reeve on surviving the uranium cycle Aura's Reeve on surviving the uranium cycle Aura's Reeve on surviving the uranium cycle

Peter Reeve's a Melbourne man but found himself looking more to London investors because of his project locations

The Tiris production numbers are still being fiddled with – it’s currently 1 million pounds of uranium a year but that could double or triple as development progresses.

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