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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 25, 2017 10:15pm
139 Views
Post# 26624116

RE:RE:RE:If you believe in Uranium

RE:RE:RE:If you believe in UraniumSorry Grave...if you think CCO is down and out you do not understand the Uranium business, CCO does much much more than just pull U3O8 out of the ground. It has long term contracts to supply India and China. It also is one of the very few producers of UF6 in the world. Also produces UO2 as well as finished fuel bundles and reactor core components for reactors. It supplies the entire Uranium fuel cycle. NXE and FCU would have to invest billions in process plants to come close to what CCO has already built.
So a true misunderstanding of the Uanium business. U3O8 is NOT what goes into reactor fuel...that is a small part of the process. Neither FCU not NXE can get U3O8 out of the ground yet so years away from direct competition with CCO but certainly would be a competitor in the U3O8 segment of the business when they do. But the whole fuel cycle??..many many years away from being able to do that my friend.
Malcolm
Bullboard Posts