Happy to be eating humble pie tonight but in respect to the subscribing into 60% of NRX in the form of an agreed price does this mean they have 60% on completion of the $15m spend or have a formula based on the amount of a proven up resource that S32 will pay on top of the $15m , like so much for each million tonne. Anyway happy to be proven wrong and so they haven’t been sitting in their tents playing cards and days of golf. Just need some great drill hits and could be why it finished at a lowly 1.5c as it may be a wait and see which is incredible after such a great announcement, South32 being a $16b company have made a habit of making great decisions since their spin off from BHP and have gone from strength to strength. I wonder if they may even be interested in the uranium story as well, this story may be more than a one off jump into bed soirée and could turn into a happy ending marriage. Dordabis news hopefully in the quarterly along with the uranium becoming a done deal and could we possibly even see something similiar to todays event also happening in Canada?
NRX Price at posting:
1.5¢ Sentiment: None Disclosure: Held
(20min delay)