Nexgen Energy Ltd T.NXE

A good day but...

[investornot]

The Company is basically on hiatus right now due to Covid-19. A decent MD&A report out with a summary to the end of June confirms for many that once the project is given the green light to continue it remains robust. 

So what is driving the upward price movement at present? Undervalued perhaps and forward looking to the need for production? While the price of uranium has gone up over the past year it has not seen the rapid rise some predicted a couple of years ago. At least not yet. 

Buying into a non producing exploration mining company I knew that this would be at least a mid term investment, but just trying to better understand the reasons behind the recent price variability and short term expectations. Appreciate any reasonable feedback... Regards

[Continuityiskey]

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