NexGen 'as good as you can get' for small company
Says Michael Curran of The Metals Report:
TMR: No pun intended, but uranium has become a hot commodity again. There's an enormous amount of activity in Saskatchewan's Athabasca Basin, isn't there?
MC: It's long been the biggest producer of uranium in the world. The focus of attention now is the recent high-grade discovery by the 50-50 joint venture of Fission Uranium Corp. (FCU:TSX.V) and Alpha Minerals Inc. (AMW:TSX.V). Fission just recently announced a friendly merger with Alpha. If you take these companies together, the market's valuing their new discovery at around $360M.
The previous big discovery in the Athabasca Basin was Hathor Resources, which was bought out in 2012 by Rio Tinto Plc (RIO:NYSE; RIO:ASX; RIO:LSE; RTPPF:OTCPK) for over $650M. High-grade uranium has certainly been highly rewarded by the market.
TMR: Is there a speculative play you like there?
MC: A newly listed company called NexGen Energy Ltd. (NXE:TSX.V). We really like its land position, immediately to the east of both Fission-Alpha's Patterson Lake South discovery and the Hathor discovery at Roughrider. So NexGen has got two kicks at the can there. In a single small-cap exploration company, that's as good as you can get.
Link to full interview: https://www.theaureport.com/pub/na/look-beyond-gold-for-compelling-risk-reward-ratios-michael-curran