Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Energy

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

Nexgen Energy Ltd

Bullboard Posts

Comment by PamplonaTraderon Oct 13, 2015 4:31pm

236 Views

Post# 24188126

RE:RE:RE:Radio

PamplonaTrader wrote:
BDMinefinder666 wrote: A buddy of mine spoke to people at Rio and two things came about. Firstly, after some work, Roughrider exploration potential did not live up to Rio's thoughts and Two, it was basically the idea of the previous Rio CEO, so not a lot of buy-in at present. So, no surprise they have re-assigned a lot of the people who were working on the project.

The still have a strong interest in uranium, because they want to satisfy Chinese demand as they cross sell other products to them, like copper. BHP apparently bundles the copper and uranium when it sells its production from Olympic Dam to the Chinese.

If NXE grows to 300+ million lbs, Rio will have a serious interest. Rio is watching NXE for damn sure.

"The key to this orebody for the semi-lazy investor is to model only the high grade sections around 44b. I is pretty clear, there is a lot of uranium around that drill hole. If you assume a 20M strike, there is 40 million lbs. As the other higher grade sections come in, you can start joining them up. If you get just the high grade modelling right, you are most of the way there. If they pick up the high grade zone to the SW, it will be the key to adding resources. Basically, every 10 Metres of strike of 44b type material adds about 20 million lbs to the resource, do the math, it is pretty simple."

Read more at https://www.stockhouse.com/companies/bullboard/v.nxe/nexgen-energy-ltd#dGmxrcmUH5sfVq65.99

"The hole has expanded the known extents of the newly defined higher grade sub-zone within the A2 core where the strike length has increased by 49 m (from 113 to 162 m)."

Read more at https://www.nexgenenergy.ca/i/pdf/news/2015-10-13_NR.pdf

For the semi-lazy investor here is some semi-lazy math:

162m strike * 20mm lbs/m strike = 324mm lbs

Has Rio gone from just watching to having serious interest?