RE:Wow: NXE now valued at $50 million more than FCUAgreed. This whole Western side of basin continues to be fascinating and a wildly interesting case study! NXE was probably clever with this quick Resource Estimate, and even with some interesting news of its own, who knows FCU might be overshadowed by the 200 million pound figure. That is a big amount, and there is momentum there at moment.
Depends on your time horizon and investment style. The more under the radar all the consistent and progressive good news that FCU gets, the bigger the hidden value and probably the better long term investment it is......IF the price potential is realized of course. Never any guarantee of that....
Guy on BNN (not in respect to any Uranium stock) just said "you can be right and not make money".....that rings as frighteningly possible at any time, but the whole FCU share price movement over last couple of years has been strange even when considering energy stock meltdowns, etc...
As has been posted over and over, good news rarely has more than a short term affect and often not a dramatic one at that. I am OK with that as a (trying to be) patient, longterm investor building a sizeable position.......but it is scary and concerning regardless...
I can't imagine that FCU and NXE would NOT share a mill since they are within a stone's throw of each other. So, in the NPV and CAPEX calculations having a neighbour with such a massive seeming deposit (they will have to spend money to derisk it too, and move it to indicated) is also good news in the long run....
I will be so interested to see what the infastructure in the area looks like in 7-10 years. Crazy