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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 teeveeon Jun 16, 2017 11:03pm
188 Views
Post# 26373374

RE:Down go the above ground stockplies - Cameco

RE:Down go the above ground stockplies - CamecoKazakstan will sell uranium at spot to Cameco until they run out of money.....Over the next two years, Cameco's contracted sales are headed south in a big way, and when contracting starts up again, Kazakstan will steal a lot of Cameco's market share......add in CCO's debt, and the CRA and IRS problems, and a looming strike, CCO is in big trouble. Can you imagine all those suits from Saskatoon putting on slickers and trying to run McArthur and Cigar on standby? Just turn one valve the wrong way and the workings are flooded, puting CCO right out of business. You have to be bat sh*t crazy to own CCO stock, but to each their own....

Malcolm2001 wrote: Nice bit of data from Cameco on their website. (CEO corner). Tim Gitzel says that in 2017 CCO will produce 25 million pounds but they have contract orders for 32 million pounds. So a shortfall of 7 million pounds. CCO has stockpiled quite a bit (he doesn't say how much) which means they will draw that down by 7 million pounds. Even Giz can do the math that the 7 million pounds reduces above ground stockpiles by that amount. A wise man like Mr, Gitzel will likely be copmparing the spot price of $19 to the contract price and suggest replacing the 7M lbs with spot bought material. Who wouldn't at that price.7 million pounds is about 5% of total world production. Bottom line is production is falling consumption is going up. Bull market is going to happen. Sit back, relax...or watch Giz blow another gasket.
And yes I DO own quite a big chunk of CCO been buying it on the way down - so that makes me a pumper I guess. How stupid can you be.
Malcolm


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