RE:RE:cormark says NXE now "go to" name ..target $3I wonder what the share price target will be when the maiden resource statement comes out, assuming it is more than 400 million pounds?
JKMD43 wrote: "We have adjusted our near-term resource forecast and suggest that NexGen has already defined >80 MMlbs of high grade resources but we base our target on the longer term estimate of 150 MMlbs. Note that as the most comparable peer, Fission is currently pricing in $2.51/lb U3O8 based on its resource of 105.5 MMlb. Using this in situ value, NXE is pricing in a maiden resource of 45 MMlb, well below what we believe has already been drill confirmed at Arrow. The stock therefore has plenty room to rerate higher even under overly conservative assumptions. We retain our previous target of C$3.00 per share and we rate the stock a Buy."