RE:RE:RE:RE:RE:RE:43-101I agree that $5/share would be theft. In the current market, it is unlikely that NXE could achieve a fair value for the company. Perhaps the best way forward is a jv, where a major puts up 100% of development capital for "x" percentage working interest? "x" could be determined by agreeing on an in ground price/lb to arrive at an undiscounted value of the deposit and divide into the developmet cost. For example, if developmet cost was say $750 million, and undiscounted value was $2 billion (say 500 million lbs x $4/lb), then "x" would be $750/$2,000=37.5% . Furthermore, production would be jointly contracted to utility buyers......
oscarwilde wrote: I'm in! No more mention of 43-101. What we need to do is continue to keep others alerted to the potential value of Arrow. The low SP will make the job of a take-over that much easier. Using the principle of "Cui bono" (he who stands to gain), it is in the best interests of a taker-overer to force the share price down essentially conditioning shareholders in advance. We have to keep those who would sell Arrow short ready for this attack. I'll continue to take care of the possible upside although Arrow seems to be able to do it without me.
For starters, if we were offered $5 per share tomorrow, I'd argue against it.