RE:Resource Exploration Share Price Cycle... FCU vs NXEIt sure seems FCU has followed that chart so far....
It will be interesting to see if NXE does. IMO, too early to tell.
We talk about whether FCU (and NXE) are still Junion Explorers still. They continue to explore, so to a degree they are, of course. Are they both moving into the Development stage?....I would say so, with FCU a year or so farther down the road as the charts indicate. After a while (a SUPER "short" while in the case of FCU) the market seemed to stop caring much even after the shockingly good Maiden Resource came out - the discovery had been made and confirmed......the excitement seemed gone pretty quick, even with expansion, further new land hits, and another exceptionally good PEA... That sure fits with the chart.... Will also be interesting to see if an updated resource estimate, since it is now quite out of date, will move the needle for FCU. I still really hope they wait long enough to include Summer Assays into both updated resource and update Economic Assessment - as much as is posslbe. Might as well......I would agree that most holders are now longs in FCU and less speculators/traders than in previous months or recent year... UNLESS there is a hurry to try and sell FCU, or need the udpated reports to garner more strategic partnerships - but I don't see that as a pressing needs with the coffer full and a pretty darn good commitment from CGN already in place..
Do a huge summer drill, update the resource with that info once assays in, and then update the EA with a whole new mine plan that takes into account the now signficant (and hopefully growing) high grade western under land zones....That should really start to move the share price, I would think. Really only a 7-9 month timeline there too - which is not that long at all.....we have had to be patient as longs already.
Quakes, how many holes would you say are still not included in the Resource Estimate. We had some outlying holes from Winter 2015, all of summer 2015, and all of Winter 2016 now. Not all of the explorer holes hit, but the 600W, and 840W, and the high grade unexpected in the East are all not included, plus expansion holes...
Sorry to put all the work on you, but you are obviously the go-to research guy - so how many minerallized hoes from last 3 drill programs (now that Winter 2016 is over) still need to be added to RE? ;Add a potentially massive Summer Drill program upcoming........Could be really fun news reports. Every step seems to head closer towards development stage - but that is a many year process no? - while exploration continues, and more importantly hopefully higher Uranimum spot and future contract prices and both demand increases from all the new reactors and supply diminishes from less secondary supply, etc....