In fact IMHO it would be positive as it will be derisked.
JV means project is financed, synergies improve the economics and bring it into production one or two years earlier increasing the npv, 50% or more of offtake contracted and ext can explore on the remainder of the strike and add value there which wont accrue to the JV company.
Another great outcome for shareholders!
Personally IMHO any of the likely outcomes Takeover or JV increase the value. If you consider that without a JV partner RBC have it with uranium $80 lb on current project economics at $14.20 and they maintain their 2011 $80 lb for uranium post Fukishima hard to see what the problem is. Uranium spot has gone down to $50 lb on Fuki but is back to $60 lb already and IMHO will creep up as the reactors are cooling.
GOOD LUCK TO ALL HOLDERS BOUNTY AWAITS!
EXT Price at posting:
$8.43 Sentiment: Buy Disclosure: Held
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