RE:NXE is a stock that has had months of great NRsI would like to offer a slightly different perspective on that view quakes. It is often not the companies themselves that have the necessary capability to build mines. Mine construction is almost always contracted out (to Companies like Hatch Energy who build mines for a living). While CCO does indeed have much expertise in mining operations most of the heavy lifting and specialty knowledge for building a mine does not fall within their capability. The NXE board is smarter than you give them credit for. They hired mining experts in Uranium from the Rabbit Lake operation when it closed. They have also hired Uranium marketers so far from being a downside I see that as a definite upside and a very good reason to buy NXE.
When NXE develops Arrow into a mine like McArthur River and the price of Uranium is sitting at $60 to $70/lb this stock will be valued at the $20 to $40 mark. The confluence of high Uranium prices and Arrow starting mining operations at production costs of $8/.lb is the sweet spot where I will likely sell my stake.
Good post Quakes. Agree with your views on most things. NXE also seems to be setting itself up to be a very difficult take over target so I suspect they do mean to take it to production. I could see them partnering with BHP Billiton or Rio Tinto though....with an offtake agreeement in exchange for development dollars.
Malcolm