RE:ATH@ shrink - I believe NXE will be mined but if you compare its NPV to its current enterprise value, there's an assumption being made by investors that the price of uranium will go up to grow future cash flows or that some combination of opex and capex will go down.
In other words, if the total value of NXE"s shares cost more than the total future net cash return then the shares are more than fully valued and NXE's current NAV at $50 US uranium is $3.47B CAD and it's market cap is $2.73B CAD. So at what point do NXE shares run out of runway when capex is estimated to be $1.3B CAD.