Q: NXE CEO was on Bloomberg yesterday, He said Arrow project 300 million pounds of Uranium. Cost $ 1.5 billion or $ 10.00 a lb. Expect Pay Back 13 months Great Story, Mine will produce 30,000,000 lbs a year They have drilled a best hole to date 3 1/2 miles east of mine
Your thoughts please . Sounds like a great story, I am long shares,
RAK
Your thoughts please . Sounds like a great story, I am long shares,
RAK
5i Research Answer:
NXE has no revenue yet and cash flow is negative, but its project is solid and we would consider the best sizeable non-producer (yet) stock in the sector today.