RE:RE:RE:RE:$200 Plus Million cash in the bankThe answer is quite simple Giz. Even at these depressed uranium prices, once developed, Arrow will be one of very few mines able to turn a profit. It wil be a massive cash cow when prices eventually move higher.
gizard16 wrote: Not at $20 U pricing. Many other projects are being mothballed. Why would NXE go ahead?
Haroula wrote: "I expect Nexgen to release the PEA and then immediately announce they are going underground. There is no other logical reason for raising so much cash so quickly other than aligning CEF Holding's interests with shareholders." Agreed. I think that the PEA results have already gone out to the major stockholders who put more skin in the game. This is a two year hold and I am looking forward to future development. I was very impressed with the management team at the AGM.