Post by
retiredcf on Aug 12, 2024 8:24am
Another View
Not a whole lot to report back given that NXE is still pre earnings and revenue. Loss of 2c was ahead of estimates of a loss of 4c. NXE had strong drill results from Patterson Corridor East (PCE) citing the companies, "best hole to date." Seperately reported was that revised Rook I cost estimates where it will now cost $1.6B, up from an earlier estimate of $940M. The company is still trying to secure financing and we think this is an attractive entry point following the pullback, although understanding the risks at hand. (5iResearch)