Re Re NXE Stock PriceInferred may very well be real . That is not the issue. ! Until the inferred is drilled out to be allowed into the indicated category , NXE has zero chance of getting a purchase offer !
That's the rules and I don't make them. New investors need to know this before you pumpers get their money.
NXE will need to spend millions to drill out that very deep deposit over 700 meters down. That is where almost all to good stuff is located as shown in the info they provided.
The other big issue for me is every hole drilled outside the main small zone comes up with nothing so no chance Arrow will expand other than maybe straight down over 1 km.
This stock price will be under a dollar before long and then I will buy shares. And I also promise to never post here again as soon as NXE pumpers stop posting on the FCU board.
More drilling, very deep, inferred, small pay zone, 50mx50m drill spacings, less than 100 holes so far, all expensive problems to get rid of !!
If FCU drilled horizontal in the pay zones for almost 3 km can you imagine the drill result ! that is what you have in the best NXE holes all drilled along the pay zones rather than through them which is more normal. A pilie of drilling need to get a proper assessment of what they have.