Is 242 Stupid?I don't know if $2.42 is a natural inflection point, mm homing device, some shark wizard's psy op or what but Nexgen seems to be perpetually circling it like a captured comet. Eyes on the ball, therefore, Dorothy, repeat after me--a ridonk amount of U, a ridonk amount of U, a ridonk amount of U. As is the case with diamonds, it's all about the shape of the rock. Hark the herald, Doug Beattie, former Cameco main man, writing way back in 2015:
"Nexgen does not need to drill this thing off much more since they are sitting on about a 10 million pound per annum situation already and us underground guys can roll with the punches with respect to the exact location of first mining. Drilling beyond say 200 million pounds is not really worth it since you are talking mining 15-20 years out. The finanicial model gives you no credit for this." (And, no, he is not implying here mine startup will be 2030.)
To quote "Breaking Bad"'s Walter White:
"Stay out of my territory. I'm not in danger. I am the danger."