Bargain SP, Market's Asleep6 Jan 2025 11:23
30th Dec RNS
CEO Sean Heathcote:
"To provide a simple resource comparison, the intrinsic in-situ value of probably the world's largest undeveloped uranium deposit, the Rook I project (including Arrow and any closely accessible resources) owned by Canadian listed NexGen Energy Ltd (NXE: Market Capitalisation of £3.08 Bn) is £14.29 Bn at the prevailing uranium spot price, on a deposit that is still in the process of permitting and development. Whereas, the Beisa Uranium and Gold Project has an intrinsic in-situ value of £6.52 Bn for uranium and £11.17 Bn for the gold resources (Total £17.69 Bn), with immediately stoppable ore, and deposits that are all accessible from an existing fully permitted multi-shaft complex and process plant that only requires relatively minor upgrade and refurbishment, compared to the billions of dollars of capital investment required for Rook I.
This is so undervalued, major disconnect between in-situ assets and current MCap !
NEX GEN In-Situ Assets £14bn , MCap £3 Billion
NEO In-Situ Assets £17bn , MCap £11 million !
NexGen needs $billions more investment to get to where we are..what are people waiting for here !