RE:RE:RE:Dundee Capital Markets: Buy rating and $3.30 target for NXEYour comments are reckless. If you know as much about geology as you claim to, you would realize how much drilling will be required to have that much indicated. The burn rate would be enormous. I imagine that the inferred number will be significant but will be similar to before, very little indicated which continues to be a problem.
Malcolm2001 wrote: Absolutely correct AgentM1.What I read here is pure speculation...I will agree that I also speculate a little but it is based on comments from the people on the ground. Garrett Ainsworth knows this rock better than any one here. One should ask why NexGen decided on a 180m step out to the south west. They do not drill holes for the sake of it. The reason they did that is because the geology and aerial gravity measurements looked strikingly similar to the A2 shear. There is every indication that this step out is a continuity of what has already been found....if that is the case (and true we do not know that for certain yet) the deposit will be much larger. Armchair estimates around a billion pounds in total. He is probablyu not that far off.
I also agree with you that none of the really good holes are included in the current estimate so the new estimate due out in the second half of the year is looking like a blockbuster of an announcement....perhaps 250Mlb indicated 250Mlb inferred.
That is reason enough to buy and hold this stock. There is a long way to go yet.