RE:RE:RE:RE:RE:$30 million left in treasuryWith the way things are right now, what CEO of a major producer would even consider FCU or NexGen? A CEO that realizes production from Arrow could displace all of Cigar lake and McArthur production from the next phases that need a floor of $75/lb to justify development at a cost of about $1.5 billion each. The current phase at Cigar is done in 2026. Arrow needs to think about building a mine and mill now, and start contracting production. There is a huge opportunity to grab 25-30 million pounds market share.
dhcRadial985 wrote: With the way things are right now, what CEO of a major producer would even consider FCU or NexGen? JMO!!!!!!
Bull4u2 wrote: I'm a lot more concerned about Nexgen's $million per week burn. They will have to go back and get more debt to ever think of financing deep underground mining. That's a big issue with them. Lots of debt and a very deep deposit. FCU looks a lot better.
teevee wrote: Is $35 spot u by year end 2019 slow enough?
Dreaminthedream wrote:
The number one issue for FCU shareholders is the dwindling cash balance.
If the so called Uranium bull market is slow and modest, FCU will soon be desperate. There won't be enough money to pay Dev and management.
So a share consolidation will be in the works. Then refinancing.
FCU's finances is a serious concern. You can ignore it but that would be foolish.