RE:RE:RE:RE:RE:RE:RE:RE:the problem with NXE is that they seem to wantClearly people here have no idea the resources that Rio and BHP can call upon. A billion dollars to build a mine is nothing for them. The net asset value of Rio right now is about $96 billion US. If they wanted to buy a world class assett they can easily find that kind of money and as you say they have a pile of cash. They are just waiting in the wings.
Malcolm.
teevee wrote: LOL.....you are correct that CCO is in a world of trouble, however, Rio Tinto is sitting on over US $12 billion in cash.
settoretire wrote: No one has underestimated Nexgen. You and Teevee just don't get it. Neither Rio Tinto, nor CCO have an extra " BILLION " dollars that is needed to sink a " DEEP "shaft to get at " INFERRED " high grade U308.
In my opinion, and with Nexgens debt, they will be the last of the Basin plays to be developed.
I don't always agree with any of the so called pumpers on this board, or the FCU board, but I must admit one thing.
Nexgens honeymoon SP is done like dinner.
Under a buck coming unless the price of U308 rises significantly, and soon.
Reality folks. Reality.......
Invest in Cannabis for the next year or so. Better odds than U308.
JMHO