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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 Malcolm2001on Aug 23, 2017 11:15pm
218 Views
Post# 26615235

RE:RE:If you believe in Uranium

RE:RE:If you believe in UraniumOuch!!! I would not count CCO out yet. While their utility contracts signed in the last boom are rolling off they are not solely a Uranium miner. They produce U3O8 as well as UF6 and UO2 so they sell fuel in many forms. They are also a producer of fuel bundles at their Port Hope fuel; manufacturing Facility in Ontario as well as reactor internals components. They have just signed a contract to supply Bruce Power with fuel until 2030 and they have a contract to supply reactore components for the 4 Darlington reactors that are being refurbished. They also have long term contracts to supply Chine and India witrh fuel (the real growth markets).
Long contracts are more than just price. It is reliability of supply. stability of the supply jurisdiction and many other factors. Price is almost a secondary consideration since it is such a small part of operating a plant.
Howwever I take your point that NXE could well be a viable contender but they have to diversify into much more that just a miner and of course they are not even that yet. A ways to go before CCO has any serious competition and who knows they may enter into JV agreements with CCO. That is how CCO does busioness anyway......and certainly such collaboration is on the cards for Arrow.
Interesting thoughts and comments.
Malcolm
Bullboard Posts