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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (26848)	3/8/2017 8:21:27 AM
From: Goose94	Read Replies (1) of 202936

NexGen Energy (NXE-T) top pick from Robert Cohen on BNN.ca Market Call PDAC Tuesday March 7th @ 1300ET Nexgen published their updated resource estimate on their world-class Arrow uranium project in Saskatchewan. The resource now stands at over 300 million pounds grading 2.58 per cent U3O8, now making it the largest high grade uranium deposit ever discovered in Canada, surpassing Cameco’s McArthur River mine. The company will be completing their preliminary economic assessment in the third quarter. We believe further drilling will ultimately add another 100 million pounds to the resource. We were surprised at the market’s disappointment at the 49 per cent increase over the maiden resource of 200 million pounds, however the company was more focussed on conversion of indicated to inferred to be included in the upcoming preliminary economic assessment.

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