Q: Interest in U seems to be on the rise. I have a small amount of cash I keep for spec.
NXE.CA was recommended recently but no details. Has this been a proven deposit and how far along are they in developing this mine? Thanks. H.
NXE.CA was recommended recently but no details. Has this been a proven deposit and how far along are they in developing this mine? Thanks. H.
5i Research Answer:
NXE has proven low-cost deposits with feasibility studies in place. Its Rook project is projected to have a payback of less than one year with an IRR of 54%. It is quite advanced, but still needs final licencing, and multiple levels of government approvals. No 'go' decision has been made yet.