RE:new-to-the-board posters need to do some DDIs RJ talking $20?.....RJ posted a report entitled "Current Analysts Favourites" today. Here are its comments on $NXE:- It is now clear to us that NexGen has made a once-in-a-cycle mineral discovery at its 100%-owned Rook 1 uranium project in northern Saskatchewan. We believe Arrow is the best discovery in the world of uranium since McArthur River in 1988, and is the most prolific discovery across all metals in the last five years. Arrow boasts high-grades; world-class scale with significant exploration upside remaining; low technical risk; one of the best uranium jurisdictions globally; and is being run by a high quality, conservative management team. Even using conservative assumptions, our DCF model on the project generates value an order of magnitude greater than that implied by current share price levels. And while the stock has strengthened significantly since a 202 million pound maiden 43-101 resource estimate was released early-March, recent weakness provides an excellent opportunity for investors to build new positions or bolster existing ones. The remainder of 2016 should see continued strong news flow from the on-going, aggressive drill campaign at Arrow and a resource update sometime during 2H16E. TraderDad wrote: At minimum, Arrow should be valued at $4-$5 US per pound right now based on current U price. This is according to multiple analysts. Maybe some of you should do some reading tonight. Based on just 200M lbs U, and current O/S , this values NXE at $3.40 CAN.
Thats using a total of 200M U, no more. $4.50 US per pound, today's exchange rate, 334M O/S.
translation: Stock is going to go well north of $3.40, this calendar year, IMHO.