RE:Games
Hopefully this turns into a fishing expedition with multiple offers to pump up the price. As it stands with this offer now the future of U exploration is precarious.
For years the argument has been for either Triple R or NXE's Arrow as the best deposits on the planet.
If this is what a miner can pay for such an outstanding deposit what does it mean to all of those other lower grade deposits.
Using the $10/pound metric for TripleR
means that NXE is really only worth $2.56billion (256million pounds in deposit) at face value. It's valuation is currently double that ($5.8billion) meaning the equivelent shareprice related to this deal would mean somewhere around $4.50.
Yes, I know that there is much more that goes into a valuation but...
Not good at all. Hopefully this deal is trampled on sooner than later.
GLTA
DYODD