NexGen Drill Results - Even Better Hole in the History of Uranium Exploration in Athabasca Basin, Saskatchewan.

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 06/17/15

NexGen Energy Hole AR-15-44b resulted in 56.5 meters (170 feet) grading 11.55% including 20 meters at 20.68% U3O8, and shares in the junior company soared 10.45% Monday. The result was widely hailed by the analyst community. Cantor Fitzgerald Rob Chang now estimates NexGen Arrow resource to be 114.8 million pounds of uranium at an average grade of 0.89%. Mr. Chang has a Speculative Buy rating and no price target on NexGen shares, which closed at $0.74 Monday. He did however speculate that on a takeout, quality projects in the area could fetch $6-8 per pound of uranium in the ground, or $2.34-$2.73 per NexGen share. While Mr. Chang resource model is early-stage and speculative in nature.