RE:Cantor Fitzgerald disappointed with RE, reduces targetThe following news from CF Rob Chang is devastating to Nxe plan not go to the market and raise funds...........
"PEA to come & possibly U/G drilling – A PEA is expected for Q3/17. Moreover, the company is currently assessing whether to commence a drill program underground in order to better understand the deposit when designing a mine plan".
Looks like Quakes was right in calling for Nxe to consider sinking a shaft to conduct underground drilling. Another "skeleton in the closet" we are starting to hear about.........Harpooned assays 7 months and counting. Oh my my.
quakes99 wrote: Was really surprised by Rob Chang's "Bottom Line" heading that says "Mostly Negative" while going on to say that the Market was making a mistake by selling on disappointment in the results. Reduced the CF target from $5.50 down to $5.15 due to RE not meeting CF's own expectation of 350-400M lbs.
You can read the full report at this link:
https://www.cantorcanada.com/pdfFiles/20170306NXE.pdf Cheers!