My back of the envelope calculation based on Fura having market cap of $42 mill and NXE getting 8% of Fura that the share deal is worth a little over $3 mill so ok $3 mill went to Regius not NEX but we will have $3 mill in Fura shares Ok $2.4 mill August placement has been spent and we add $5 mill from new investor that doesnt add up to bankruptcy yet. Problem is still the same NXE needs money to get graphite project off the ground can management do it? Well doing it is why we pay them the big bucks.
NXE Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
