NexGen Energy’s (TSXV: NXE) tremendous Maiden Inferred resource, both its size & grade (202 mm Inferred lbs. at 2.63% U3O8 with a 0.25% cut-off, including a higher-grade core of 120.5 million lbs. at 13.26% U3O8) caught participants off guard. In the week following the, “number,” NexGen shares soared 52% to $1.48, more than triple last March’s levels in the low-to-mid $0.40s. Why did conventional wisdom miss the mark by so much?
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