RE:RE:RE:Doesn't make sense@ Stockfshr - NXE estimate to construct a mine is about $1.3B. FCU's deposit is shallow and their estimate to construct their mine is $1.18B. So throw in the value of NXE's ISO shares and the 2 are more or less equivalent still leaving a close to $1B market cap differential.
NXE estimates that it is opex will be lower but that's only fully recoved over the life of the mine. Moreover, FCU has a customer for their production (China General Nuclear) and NXE currently does not.
The best thing that can happen is that NXE and FCU announce a MOU where the cost of infrastructure is shared. It would be riduculous if 2 mills, 2 airstrips, 2 housing facilites, and all the rest of it were built because managements couldn't get together. The share price of both companies would jump almost immediately if they agreed to cooperate and take advantage of the obvious synergies.