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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Post by Lunchisforwimpson Apr 26, 2014 1:09pm
275 Views
Post# 22494284

Fully Diluted Numbers

Fully Diluted NumbersAs of March 31, 2014 NXE has 219,000,000 shares outstanding not including this new acquisition.  That is allot of paper for a junior.  Fortunately they have 10 million in cash to enhance Rook. Hypothetically, 1 million pounds of uranium is $75 million dollars so it can catch up. However, Not allot of room for error. With FCU at 392,000,000 shares out at 50 million pds, 34 million in cash, there is a potential disconnect here. I own both but I see why NXE is getting cheaper. By their own hand....by the time they drill Rook and a few others it will be time to issue more shares and options.
Bullboard Posts