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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 teeveeon Jun 18, 2016 11:00am
204 Views
Post# 24976908

Fast track to production

Fast track to productionNXE's Arrow is land based and no problems are forseen at this stage. Environmental work is in preparation for permit applications; ongoing baseline monitoring metallurgical, geotechnical and hydrogeological studies are scheduled with an economic study to form the basis of a permit application by the end of 2017. I believe mine development could begin as soon as sometme late 2019 to early 2020.

NXE's advantages are:  90% of global mine supply is under sever technological  or sovereign risk; Saskatchewan is ranked as #2 mining jurisdiction in the world but 2 of the mines are under severe technical risk; there is a high concentration of supply with over 50% of uranium coming from the top 10 mines.. None of that will be lost on nuclear utilities which will flock to NXE for long term contracts to diversify their supply and reduce supply risk. Mitigating technical and sovereign risks, NXE will be in a position to demand premium prices for safety and security of supply. Regarding mine finance, letters of intent with utilities would make for easier credit for mine development capital. 
Bullboard Posts