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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@BruceWayneUsing 40 dollar Uranium term prices (which is what is being sold right now), and 1250 US gold, for gold equiv I calculate the A2 High grade zone being 5.28MM oz at 13.3 oz/ton. Thats the A2 zone ALONE $NXE
@cole119@BruceWayne@Allan mentions that $NXE is a chronic diluter, but their debt deal with CEF Holdings shows the opposite. That was a very creative way to get cash immediately with minimal dilution. Nexgen has done a wonderful job taking care if it's major shareholders. The growth in the resource (and share price) washes away any dilution tears, if we are to see some more. Perhaps Arrow will get picked off before the next dilution needs to happen.
@Searunner@BruceWayne. Since you're a geo.... a question from a layman..I was looking at the 2016 regional drilling plan map. The regional drill holes were much shallower than the arrow holes (some only half as deep). Is it obvious by looking at core samples when deciding when to terminate a drill hole? The drilling "up to 2.3 km to the south" ended in depth just as mineralization just gets going at arrow.
@capitalgain@BruceWayne I agree it has underperformed in the recent period and oddly that is without there having been any bad news delivered during that period. Instead, that is when Agnico invested. Otis has a history of delayed responses to good news announcements. So with a new 43-101 on the way, replacing the current one that reflects drilling from up to 2011, there is plenty of upside expected (on the last five years of drilling). IMO, the current price being so low, makes it a great time to buy more stock rather than exit, but each to their own.