RE:RE:RE:A few comments for todayHi Quakes
It works into the regional development play theory/thesis. The consortium is definitely a possibility as NXE/FCU would be a big bite for any individual company to chew on. Also lots of expertise required in NXE that only a handful of players in the sector have. Spread risk and increase expertise.among many players.
Definitely something to watch develop over the next few months.
Enjoy your weekend
Great discussion! Nice to see you both back here posting, Moneysworth and Gravedigger.
My own thesis on how things may go over the next quarter and into 2018 is that after Fission releases its Q4 Resource Update, showing the much improved quality, size, and economic viability of the PLS project, then we may see an attempt to merge NexGen and Fission through some 3rd party that will inject a large amount of cash towards making it happen. I just don't see the 2 projects remaining separate for much longer as the tremendous synergy between them is just too good for a major producer to pass up.
There will only ever be one Mill approved for the SW corner of the Athabasca Basin, and one new mining town with one set of infrastructure, services, power grid, airport, water treatment, and all the rest. Just on a cost-sharing basis alone, both mine projects will reap huge rewards with their already fabulous best-in-the-world economics. And with 3-4 Open Pit mines, 1-2 Underground Mines, plus Spitfire and UEX's 96M lbs at Shea Creek just up the road... well over 500M lbs of U3O8 to feed a regional mill... the potential is absolutely massive!
I'm beginning to think that Fission's management may see a new potential avenue towards reaching that $3/share goal that was voiced 2-1/2 years ago. Besides a sale of PLS to a buyer, there may be a way for shareholders to receive shares in a much bigger company with the combined assets of both Arrow and PLS deposits being brought together by some form of consortium. That way they can have access to the huge potential upside offered by a combined entity over the longer term heading to production. More than one way to achieve shareholder wealth now than there was when PLS was the ONLY new Uranium discovery on the west side.
With the new Canada-Europe CETA trade deal now in effect, we could easily see big names like BHP, Rio Tinto, Areva, Glencore, and others come looking to work with CGN, NXE and FCU to make a new Patterson Lake Uranium Mining District a reality.
Lots of possiblities on the horizon once we see the updated and upsized Resource Estimate, imho. Personally, I'm feeling more optimistic than ever.
Good luck to the patient longs, many of whom were just buying in at today's discount prices.
Cheers!