RE:RE:next resource estimateCompare Arrow current size vs 43-101
NexGen Energy Ltd. – Rook I Property, Project #2579 Technical Report NI 43-101 – April 13, 2016 Page 1-2
“The Arrow deposit consists of multiple high grade, basement hosted uranium lenses concentrated within four horizons, known as the A1 through A4 shears. It currently has dimensions of 645 m (strike) by 235 m (width) by 820 m (vertical). Dravite breccia veins are key indicators of mineralization at Arrow.”
Current size per
https://www.nexgenenergy.ca/projects/arrow/ The mineralized area is currently defined as 280m wide by 870m in strike with mineralization starting at 100m from surface and extending to 920m.
quakes99 wrote: Hi bozzy. The answer to that depends on what the market already expects in terms of a resource size. If the expectation, as promoted on this board, ceo.ca, and through other forums and media is that 400M lbs is already in the bag... then the share price won't move much at all. If the RE comes in well under 400M lbs then you can probably expect the share price to drop, as traders will sell on the disappointment.
That's the danger that comes with over-hyped and over-promoted projects. Expectations get so high that they are already baked in to the share price, and subject to selling disappointment if the RE doesn't measure up.
Good luck with your investments!
bozzybozzy11262 wrote: When the next one comes out soon and lets says its about 400 million lbs evenly split between indicated and,how much will the market pay for it per pound? $4 or $5 per pound may be?In other words what will the share price look like about a week after the report?Any reasonable guesses at 400 million pounds>Thx