Dundee knows that this is going much higher "We re-iterate our Buy for NexGen Energy at a target price of C$3.20. The target for our top uranium exploration pick is based on a US$3/lb in situ value and 265 to 270 MM lbs U3O8 mineral inventory potential. It trades at US$2.85/lb, less than half of the Athabasca Basin take-over average of US$5.50/lb."
Translation: A big takeover target, at $5.50 per pound, you will get a share price north of $5, and that is based on just an average take out price for the basin, with just 265-275M pounds of uranium. Not only does Arrow probably have way more Uranium than that, but also their uranium will command a premium price because of the ease of mining and ridiculously high concentration of U. $5 take over price is not even a conversation starter.