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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
Comment by PamplonaTraderon Feb 25, 2016 6:35pm
182 Views
Post# 24596463

RE:RE:RE:RE:RE:Speculation Premium

RE:RE:RE:RE:RE:Speculation Premium

ILUVDIVIDENDS wrote: Of course. Don't you get a little nervous when you see all those down dip holes?


Why would I get nervous?  

Do the math.  The holes are drilled at an average dip of about -75 degrees and stacked vertically every 30 or so meters.  Given that the A2 shear averages roughly 29m in true thickness, each hole should enter the A2 shear just 8m below the hole above it exited exited the shear.  

Compare that with a flat-lying deposit which is drilled off laterally every 15m-20m.  On top of this, Arrow is being drilled with directional holes which provides for greater precision.  Look at the overhead plan view and you will see that while drilling is done at a steep angle, the holes also cut across laterally.

I could go on, but why bother?  No reason to believe you will listen now and it's not me who is losing dollars or sleep.

Bullboard Posts