Roulston says why to buy NexGen
2014-09-05 17:51 ET - In the News
Lawrence Roulston, in the Aug. 26, 2014, edition of Resource Opportunities, tells readers why to buy NexGen Energy Ltd., recently 54 cents. He said buy on May 24, 2013, at 30 cents and on Feb. 24, 2014, at 51 cents. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $2,858. NexGen jumped 12 cents to 54 cents on Aug. 26 after drilling 186.9 metres of total composite mineralization at its Rook 1 uranium project in Saskatchewan's Athabasca basin, including 53.85 metres of off-scale radioactivity. The company is having a good month at Rook 1. A few weeks ago, it drilled its best hole to date: 22.35 metres of 3.42 per cent uranium oxide (U3O8), including 6.85 metres of 10.72 per cent U3O8. These results are beginning to draw comparisons (from Mr. Roulston at any rate) to Fission Uranium's famous Patterson Lake South project right beside Rook 1. Assays are pending for 23 more holes from the summer program. While NexGen continues drilling, it is also showing off the project to analysts. It held one site tour in early August and will hold another in early September. Mr. Roulston says these efforts, combined with coming drill results, should "continue to put eyeballs on the story."