another perspective on short term upside Pamplonatrader's analysis of infill drilling has confidently projected a likely doubling of the high grade sub zone, adding another 120 million pounds to the resource and upgrading the resource from inferred to indicated. If only say 108 million pounds were added, this would equal FCU's entire resource, and in just one drilling campaign. FCU's current market capitalization is now about $358 million. I don't see why at the very least, the market wouldn't add that amount to NXE's market capitalization, or about another $1.20/share, and that doesn't take into consideration any increase in the price/lb the market may ascribe to NXE in an emerging bull market for uranium......a target of $2.60/share should be easily attainable upon release of an updated 43-101 resource statement due this fall, and that is only 6 months away at the outside:-)......
another angle or perspective is NXE's current market cap ascribes a value of $1.39/lb for their 201 mm lb inferred resource. FUC's current market cap ascribes a vaue of about $3.30/lb for their 108 mm lb indicated resource. The difference is $1.91/lb. Assuming the difference is because FCU's resource is indicated and NXe's is inferred, then by simply moving NXE's resource to indicated could add another $1.20/share before any increase in size. Should NXE's updated resosurce statement move the needle to say 300 mm lbs indicated, this should move the share price to about $3.10-$3.20share.....if a bull market in U emerges, all bets off on the upside.......short of a black swan event, enjoy the ride up over the next 6 months.....