RE:market cap still ridiculously lowTraderDad wrote: No PPs coming.
Funds have to buy this on open market!!!
RJ agrees with you that this is ridiculously undervalued! From this morning:
NexGen released preliminary scintillometer results from another eight holes as part of
its on-going winter exploration program at 100%-owned Arrow in northern
Saskatchewan. The most important hole, 77c2, cut strong radioactivity 180 m SW of the
Arrow deposit, indicating potential for a massive extension of strike length and a very
large resource update in 2H16E. We continue to ‘pound the table’ on NexGen as our top
pick in the uranium space – we believe Arrow is the best undeveloped uranium asset in
the world, is the best uranium discovery since McArthur River in 1988, and indeed, the
best discovery across all metals in the past 4-5 years. Despite recent share price strength
in the wake of its mammoth maiden resource earlier this month, the stock is trading at a
fraction of the value of its potential cash flows, which we discussed in detail recently in
our Mar-17-16 Comment “Switching to DCF Valuation on Back of Mammoth Arrow”,
price $1.32.