To Time2BuyMoreI totally agree with you. But I have still not added to my position in NXE since it reached 3 bags ($1.00) even though my main mantra is buy the dips. My secondary mantra is: Follow the leader. CCO is by any measure roughly undervalued by 3X. NXE, with its scary unlimited potential and superior management, IMO could be undervalued by more than 10X. For an eternity Cameco has looked mired in quicksand.
Nonetheless, I think Nexgen is clearly going to emerge as a new leader: There are normal U cycles and there’s this cycle: the Fukushima Cycle. LC said of Arrow, “This is competent basement rock with another broad zone of mineralization in just the third hole.” Judging from history, most of the great enduring companies are created during the bust phase of business cycles.
(Note to Kazatomprom's Swiss team: I would set aside a little cushion for the day when the Kazhakstan Revenue Agency comes a calling.)
sounds20