NexGen consolidated its land package in the Athabasca basin by buying out Rio Tinto.
So, if NexGen is putting its logo on race cars and has its own development pipeline, and Cameco is trading at $110/share and has its own development pipeline, who exactly is supposed to buy your Athabasca uranium junior?
We know it won’t be a Chinese SOE because of Realpolitik. It definitely won’t be Paladin because they have their own problems right now. The days of Cameco and Rio in a bidding war for Hathor Exploration are gone and won’t be coming back.
This leaves Africa as the jurisdiction of choice for uranium speculators looking for a Chinese buyer, but that brings its own problems.
