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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 losecashon Mar 06, 2016 4:48pm
106 Views
Post# 24627874

RE:RE:RE:RE:Why no 43-101 numbers on the website ??

RE:RE:RE:RE:Why no 43-101 numbers on the website ??
bluesteele wrote: Silverwhere? and hotdog vendor, lets put this in simple terms FCU's ore is under a lake and overlain by 50 meters of glacial till and mud. Due to infiltration this material is hydraulically charged so any dyke for an open pit mine will be met with extremely costly freezing techniques.

Aside from that mess, you have the following:

1) Outstanding Sahres = 1/2 Billion

2) The Chinese ownership = 20%

3) The Chinese control up to 35% of FCU's uranium production in an off take agreement at a significant discount to spot pricing

Now that the Chinese have a 20% controlling interest in FCU, it's upside potential is finished. The stock has been effectively capped. Dev sold out the shareholders to keep himself  and Ross at the trough for the next 5 years. I expect the Chinese inverstors to limit the exploration budget going forward and shift the focus towards the various studies and permit applications required to move the project forward. This will take 5 years as others have suggested. They are looking for uranium securtiy for their reactors and at this point they could care little about spending another 30 million on trying to grow the depsoit or any other existing pods.

No other major is going to step in here, FCU is going to .30 cents.


My thoughts exactly. Secure salaries over share price increase. A shame.
Bullboard Posts