A few quotes from Leigh....From BNN:
"The PEA is gonna show even further validation for the economic strength of this project and this is across the entire resource sector."
"We believe this is going to be one of the strongest projects in terms of NPV or IRR across the entire resources sector once the PEA comes out."
It is abundantly clear that NXE raised money now to continue moving towards development asap to ensure they participate in the upcoming utility long term contracting cycle. CEF's main business is mine development financing. There can be no doubt that debt financing development of Arrow will not be an issue. Regarding the rest of the uranium field, they are all pretenders. Waiting for an increase in spot means they miss the upcoming long term contract cycle, and are moribund for yet another 10 year cycle. Last time, a lot of juniors participated in a strong stock market, but given the history of the low grade high cost producers that emerged, I seriously doubt we will see a similar amount of take over activity in the upcoming cycle, as missing the long term contract cycle means being exposed to the volitility of spot prices, making development financing not possible as it is too risky without long term contracts to ensure lenders get their money back. NXE is THE ONLY uranium junior to own.