Slow and Steady With an Eye On The PrizeBobbiOre wrote: Can we expect more news next week on the AR-16-77c2 discovery. Maybe an entirely new orebody? Could NXE double in size from here based on this discovery?
I would say the best way to look at the Arrow discovery is to view its development from a medium to long-term perspective. None of this is going to develop overnight. Management already knows this is a breathtaking ore body with the ultimate size being unknown except that it is enormous in scale and grade.
Can the deposit double in size………of course, anything is possible.
I would suggest that everyone should take a 12-15 months minimum time frame to add an additional 100 Million pds to the resource. I might be a bit conservative in my estimation; things could unfold must more quickly.
Nexgen is at 302 Million pds now. Instead of projecting 500 Million pds, let get to 400 Million first and couple that with a steady share price rise as well.