RE:RE:Direction ...
I think you guys will drive yourself nuts following the daily penny gyrations here. There will be a winter drill season, a summer drill season, another winter drill season and then a preliminary economic assessment based on indicated resources to get this to a position where they can vend it (likely to Areva IMO). This means likely another 80-100 million share dilution. But I am reasonably confident that they will get well north of 50 million pounds here of easily mineable (ie. blasthole stoping, no ground freezing or dykes in lakes nonsense etc.) which puts this at least on par with Hathor (and likely superior to it, shame about the location). The bonus here will also be that uranium market sentiment will be swinging positive when these guys are crunching PEA numbers in 2016 so there should be speculative interest. But patience is required.
NexGen also needs to seriously consider wedging multiple holes from a mother hole since they will need to drill on ~20 m centers to get to an indicated resource level. Similar to what McArthur River did for Zone B.
Disclosure- I have a modest position in this stock. My only U holding.