RE:stock finally having a good dayI had a second look at NXE yesterday just to see if I was missing something.
I would argue in my opinion I am not.
More debt to cash on hand. 150 million more needed and 18-24 months to take this to a PEA.
And no absolute surity that this is economincally feasable. It makes me wonder about the posters on here who were claiming that NXE should bypass the PEA. Ask the Rubicon shareholders who also had a gurantee how that worked out.
I can see the upside torque to the spot price no doubt.
But anybody who says this is cheap cause it is down 30% from its high has not factored in potential risk. With no PEA there is only a 100% downside risk from here.
DYODD