Nexgen Energy Ltd T.NXE

Alternate Symbol(s): NXE

Metals & Mining Industrial Metals & Minerals

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 teeveeon Oct 30, 2015 6:47pm

112 Views

Post# 24245654

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NEWS!

Katie83,
Here is a quote from Warren Irwin, a hedge fund manager with many $millions invested in the uranium space:

“Cameco already has two amazing but challenging deposits,” Irwin said of McArthur River and Cigar Lake. “These deposits are vulnerable to water ingress issues, and could be shut down or suspended at any time, just like what happened at McArthur River in 2003. Does Cameco mitigate that risk with an open-pit mine under a lake? Or do they mitigate it with a basement-hosted deposit like Arrow in an environment they are used to mining at Eagle Point? Does Cameco let a deposit the size of Arrow be built by a new player in their own backyard? Irwin thinks he knows the answers.

“Fission will be swinging in the wind well past the mine opening at Arrow.”

Katie83 wrote:
And its even riskier to be buying a speculative U explorer with no maiden resource estimate!!

PamplonaTrader wrote:

BDMinefinder666 wrote: Risky? Building a mine in the middle of a lake is risky. Relying on a PEA that uses 65 dollar price for uranium is risky. Putting a capital number on a dyke before you have extensive borehole data and know how much loon cr+p you need to dredge before starting to build is risky...... Dev, this business is full of risk.

LOL!