Jefferies backs NexGen on Arrow uranium deposit output outlook
Jefferies initiated bullish coverage of NexGen Energy, citing the Rook I high-grade uranium project in Canada. The firm said Arrow can underpin production of 28 million lbs a year.
NexGen Energy gets a new bull in Jefferies, which is drawn to the Rook I high-grade uranium project in Canada.
Rook I, one of the world's largest undeveloped projects, hosts the Arrow uranium deposit.
Jefferies says Arrow can underpin an operation producing 28 million lbs a year.
A separate discove…