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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

Comment by Continuityiskeyon Aug 29, 2020 9:14am
267 Views
Post# 31474858

RE:A good day but...

RE:A good day but...I would offer these reasons for Nexgen's improving price;
Classic " mining cycle" asserting itself. 
Exploration a development drilling over and the long engineering phase ( one of the down cycles ) nearing an end ( capped by the Feasibility Study). That development and engineering phase is dead money time but the production decision that will very likely result from what could be a powerfully robust FS which is now on the horizon and the possibility of a takeout could lift the stock for months. 
Mine closures ( and those closures are sticky) are adding to the bull market backdrop in the sector. Runs in this sector tend to be amongst the most powerful in commodities. 
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