RE:RE:NEWS- Ground gravity identifies more High Priority Targets
If these low prices persist, NXE will be forced to bring on a partner in a JV to fund exploration at Rook I. e.g. Spend $15mm over next two years for 20% project equity. Exploring multiple targets within this huge Rook I claim is going to be expensive and the share structure is bloated as it is. If a company like DML wants to get in on the PLS area play, NXE can bring them on in a JV... This is assuming, of course, that they don't simply buy equity in the company by arranging a private transaction with PNP or the Radio optioners.