RE:RE:When we start mining?Thanks for that Gilcon. I was considering taking a position in NXE and wanted some insight into timing. What you said sounds reasonable.
Gilcon60 wrote: NexGen is on record as saying that they intend to mine the Arrow deposit and to raise funds through equity financing creating significant dilution in the future. The FCU 20% partner is a mining compnay and required a SVP of Mine Development position to be created as part of the investment, indicating that some of the funding will go to mine development. GCN wants yellowcake, that is their purpose for the investment.
This is the best thing for FCU shareholders. They will continue to advance the project toward permitting and feasibility, continuing to add value while simultaneously continuing to explore the regional targets that are promising.
NexGen has also been a good investment, I will cash out when it breaks $1.00 and pick it back up at a discount in the future. We all know the cycle after a MR is released. They will spend a few seasons infilling and proving up their inferred pounds requiring dilution without significant resource growth. They are 4-5 years away from permitting for sure imo.