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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canada-based company focused on delivering clean energy fuel for the future. The Company is an exploration and development stage Company, which is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It has a portfolio of highly prospective projects, including the Company's 100% owned Rook I property that is host to the Harpoon, Bow, South Arrow, Arrow Deposit, and the Cannon area. The Rook I property is a development-stage uranium project in Canada, which is located in the uranium rich district of the southwestern area of the Athabasca Basin, located in the premier mining jurisdiction of Saskatchewan. The Rook I project hosts the Harpoon Discovery located approximately 4.7 kilometers (km) northeast of the Arrow Deposit. The Bow Discovery is located approximately 3.7 km northeast along the Patterson Lake Conductor corridor. The South Arrow Discovery is located 400 meters (m) South of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Post by DiamondInvestoron Jun 29, 2015 4:15pm
123 Views
Post# 23878498

No news from drilling so far

No news from drilling so farI have been watching NXE ever since their beginning, and I have understood what it means when there is no news. That means they haven't hit anything in particular, if something spectacular was found, they would be obliged to report it. The last drilling seasons they seem to follow the same pattern, first doing exploration drilling with mediocre results, then in the end of the season they drill where they already know the high-grade deposit is to get some spectacular results in order to get the share price up and make a financing. But actually for quite some time they haven't made any new big hits. It just shows how hard it is to find great deposits even when there are others nearby. Look at all other companies around PLS, how many of them have hit so far? What they have at Arrow of course is not bad, I can't calculate how much it is, but it really seems risky at these levels. Perhaps someone could provide the calculations behind the over 100 million pounds that are suggested?
Bullboard Posts