RE:my thoughtsSelling Harpoon to Rio Tinto is an interestin possibility. with deep pockets needs to build a mill so if Rio owns Harpoon it may be on the cards for them to build the mill and sell the processing capability to PurePoint Uranium Group and NexGen. That way the smaller companies don't need to raise a pile of cash to build a mill. Raising a billion or twi is easy for Rio Tnto.
Some food for thought...very much a possibility in my view. Certainly could explain the delay in publishing the results. Rio already has an interest in Harpoon...here is the blurb from NXE website:
"The Harpoon Discovery is located on a Rook I internal mineral disposition (northeast of green dashed line in Figure 1) which is subject to a 2% net smelter return royalty (the “NSR”) of which 1% can be repurchased by the Company for $1 million which is held by Advanced Royalty Corp. In addition, Harpoon is subject to a 10% production carried interest held by Rio Tinto Uranium Corporation (“Rio Tinto”) which provides Rio Tinto with a right to 10% of potential future production provided Rio Tinto pays NexGen their 10% pro rata portion of the collective expenditure from June 20, 2005."
It would be an attractive proposal for Rio to either buy it out or increase their interest in Harpoon. It also allows NXE to focus on developing Arrow which will be well over 500Mlbs in a few years when more drilling is done.
Malcolm