RE:RE:NXE vs. FCU's share pricesGreenday,
NXE's PEA will soon be out. THEN we can do a proper comparison on an "apples to apples" basis.
Greenday wrote: @ Gigs
The current price of uranium per pound for FCU and NXE after adjusting for the cash balances set out in the March 31 2017 financial statemetns is as follows.
FCU = $295M - $55M = $240M / 108M lbs = $2.22CAD or $1.65USD
NXE = $904M + $14M = $918M / 302M lbs = $3.03CAD or $2.26USD
As can be seen FCU's uranium is cheaper than NXE's uranium even when FCU's non updated pounds are used in the calculation. If one speculates that FCU has 160M lbs instead of 108M 43-101 compliant pounds then FCU's uranium gets even cheaper to $1.50CAD or $1.12USD per pound. It's dirt cheap even with spot at $19 and change imo.