RE:RE:RE:RE:RE:We are riding the wrong horseYou keep telling us what you have. Give us the 43-101 and just prove it. Until the 43-101, you can pick all kinds of numbers!!
PamplonaTrader wrote: Competition??
NXE has at least double the lbs of FCU.
Even at your low estimate of
100mm lbs, NXE found that much in
50 holes whereas FCU got there with
200 holes. That means NXE is finding
at least 4 times the uranium per hole. Maybe as much as 8 times the uranium as FCU per hole. NXE also has
double FCU's treasury with
$20mm ready to be deployed. They are spending $8 on exploration per $1 of G&A... FCU is half as efficient with their cash at roughly $4 spend on exploration per $1 of G&A.
All the above and none of the drama!
Yet despite being twice as efficient with capital and having twice the treasury with at least as many pounds (but likely more than double)... NXE is still trading at a 20% discount on a per lbs basis assuming just 100mm lbs.
Markets are waking up...
sudzie191 wrote: An even sadder state of affairs if G5 group keep fooling around trying to disrupt management and the stock price so that it makes it more difficult for Ross and Dev to raise money to keep expanding PLS.
I have been studying the NXE deposit growth since about March, and basically concluded some time ago that the competition is on for who can eventually come up with the largest resource.
Anyone fooling around with management challenges is not doing the company or any existing shareholder a favour. Actually quite the contrary.
A combined resource between NXE and FCU of 300-500 million lbs by about a year from now is going to be an extremely exciting development in that we will have the best economics and lowest risk of the basin, will advance the date for takeouts of both companies by whatever company or group of companies gets after these deposits.
So the competition is on. THe World Series competition of uranium resource expansion between NXE and FCU. losecash wrote: Sad state of affairs for FCU. I think we will see .30 before xmas.