RE:RE:The NexGen / Cameco relationshipThese types of deal are quite common in the Uranium industry. Most companies have stakes in other companies so nothing unusual here. Interesting to note that Cameco bought out the remaining 35% of its Kintyre property in Western Australia. I could see some sort of strategic partnership here. Cameco wants long term Uranium pounds from quality assets which Nexgen has and Nexgen wants expertise in building and operating mines. I can definitely see the basis for a JV style partnership. Also remember that there is no mill on this side of the basin so I couls easily see Cameco entering into an offtake agreement by jointly owning a new mill in the Western basin. That makes a whole lot of sense to me. Lowers CCO developmenmt costs and gets NXE the expertise it will need.
A full take out...perhaps but that is not CCO's style in recent years. Could they bring in some Chinese participation through CGN the 25% owners of FCU and mill that material also. All sorts of possibilities. CCO appears to have won its tax case and I am sure was setting money aside for that so that cash is now released for future development.