in the Q&A Leigh said the budget for drilling this year was $12 mill, and he expected more rigs to hit this massive new deposit that has a limit of 1.5 km in length and open to all directions and depth. hre said now the budget would blow out, more rigs are coming asap..
they also said they have banking finance up to $1.2 billion and later this year will announce their projections on how they will finance this project.
its actually feasible that Nexgen can go solo to mining and become a top 10 mining company global.. a big threat to the sector and to other miners... something has to give soon...
you would have to argue that given this new discovery is most likely to be significant, given how incredible the discovery hole yielded. so if thats the case, that any bid on nexgen now will mean a purchase only of the Arrow asset on its own, and the SW1 Ltd entity that nexgen owns splits off and keeps the rest of SW1 lease area, (with new yet to named discovery), then SW2 Ltd would split and the Nexgen Royalty Ltd would then come into play also, 10% royalty on turnover pre tax... share for share...
there is potentially some incredible upside to nexgen and the news just keeps getting better (besides the federal government saying they will speed up all uranium mining permits..)
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)