The Globe and Mail reports in its Thursday, Aug. 2, edition that RBC Dominion Securities analyst Andrew Wong says NexGen Energy's ($2.57) flagship Arrow deposit in Saskatchewan is among the best undeveloped uranium projects in the world. The Globe's David Leeder writes in the Eye On Equities column that Mr. Wong sees share price upside. Accordingly, he began coverage on the stock with an "outperform" rating and $5 share target. Analysts on average target the shares at $5.40. Mr. Wong says in a note: "We think the deposit has potential to be developed into a top-tier uranium mine with production volumes comparable to or above today's largest mines, while realizing operating costs at the lower-end of the cost curve. Arrow differs from other undeveloped uranium assets with a unique combination of high-grade, big resource, while primarily hosted in basement rock under minimal sandstone -- these benefits reduce estimated capex, opex, and technical risks. Recent drilling also points to significant resource upside that could support a project life beyond the 15-year mine life envisioned in the PEA. ... Current challenging uranium market conditions make a bid for NexGen a low probability."