RE:RE:RE:RE:RE:loaded up the truck @98@Greenday - I agree with you that the price relationship isn't sustainable and I also agree with your point regarding a resource with so few holes. I actually think you are being very charitable on the numbers :) I doubt they'll drill more than 35 this summer.
However, they have stated in a press release that this program will result in a 43-101 and the way I see it, that's only possible if pretty much the entire thing is going to be inferred - aka the lowest possible type of 43-101 compliant resource out there. I think after Rio's experience with buying the Roughrider (another mostly-inferred resource), buyers are going to be a lot more cautious about going after an inferred resource.
However I don't think NexGen's management cares - they just want the biggest number they can get, as fast as they can get it and are relying on the lack of understanding that many investors and brokers have regarding resource categories and the implications of them.
Here's the bit I was talking about in their release:
The commencement of our summer drilling program which is the largest to date at Rook I, represents an exciting time for NexGen and our shareholders. We anticipate this program to culminate in delivering an initial National Instrument 43- 101 compliant resource at Arrow.