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.

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Nexgen Energy Ltd

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Comment by teeveeon Jul 09, 2017 2:26pm

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Post# 26448913

RE:RE:RE:RE:$200 Plus Million cash in the bank

shadeson, I suggest you do a wee bit of research on the internet before flapping your gums on line: Here is a 2015 comment on sinking a shaft in SA that cost about US$13,800.00/meter. https://www.coursehero.com/tutors-problems/Project-Management/8965416-The-team-at-South-African-Gold-Mine-SA-was-tasked-with-sinking-a-200/ Here is a link indicating about $10,000/m to sink a shaft and $2,000/m to drive drifts. https://www.msaction.ms.unimelb.edu.au/file/Maths_Day_mining_problem.pdf using $5,000/m for drifts should be a conservative estimate. You have to add in Hoist construction and equipment costs, and drift equipment costs (tracked or wheeled rock drills for making blast holes at face of drift, scoop trams etc). Overall, it appears NXE will have the money on hand to sink a shaft, drive an exploration drift on 2 or 3 levels, and continue with PFS, FS and permitting.

shadeson wrote: No need for the shaft to go to 1000m for now. 600m max for underground delineation then drift paralell to the shears. I also think they would need to do some condemnation drilling first as they would not want to run into mineralisation with the drift. The real cost will be sinking the shaft and $100,000/ m all in is more realistic IMO. Shafting through the overburden (as you would call it, water logged sediments) and sandstone will likely require freezing of at least the top 100-150 meters. Overall the shaft and drift will cost $50-100 Million is my guess, and on top of it the cost to permanently maintain the shaft and drifts (power, air, pumping groundwater to surface etc full time and treating that water, waste rock management ). We shall see. Too bad teevee has me blocked so he cant read this post unless someone quotes it...

teevee wrote: profittaker,

A 1000m deep shaft will cost no more than $15,000/m. Exploration drifts on one or more levels shouldn't cost more than $5,000/m.