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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 Nov 28, 2017 9:29pm
193 Views
Post# 27050974

RE:RE:Fukui Prefecture Governor Approves Ohi 3 and Ohi 4 restart

RE:RE:Fukui Prefecture Governor Approves Ohi 3 and Ohi 4 restartThat is the last step from a political standpont. You are correct that there are many hurdles to jump through but approval by the prefecture Governor is the very last one. I use several reliable sources. World Nuclear News (WNN) has some very good information on it and includes the article. I also use JAIF or the Japan Industrial Forum. Their news is accurate and reliable. Sometimes I go to the Ja[panes Newspapers (Japan Times, Asahi) which are in English. They tend to be antinuclear for the most part and always put their anti-nuke spin on things but they are generally factual nevertheless. I do not think there are any legal challenges for these 4 reactors. They all have to pass operational restart inspections from the NRA to prove that the work done to bring them up to the new standards is complete. Fuel loading for Genkai 3 and Ohi 3 is scheduled for mid-January 2018 and for Genkai 4 and Ohi 4 around the beginning of March. Should be an interesting start to the new year. The first Unit at Barakah also starts operating in 2018 so it will be a very good year.

It is so difficult to time this though.The strategy has to be one of buying what you can afford at reasonable prices and across a good range of Uranium stocks. NXE must be part of this portfolio because it will likely come on stream when the Uranium shortage really starts to bite but there are others that are interesting too. Not sure what effect developments at Olympic Dam will have on the supply side...not much yet I suspect. More doen the road for that one I think.

Key take away is demand is increasing with both Japanese restarts and new build coming on line in the next while at the same time as supply is coming off. Sounds like a recipe for a bull to me.
M
Bullboard Posts