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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 shrinkon Apr 15, 2018 11:06am
189 Views
Post# 27887098

RE:RE:RE:RE:Unlike the "other" company

RE:RE:RE:RE:Unlike the "other" companyQuakes are you suggesting that once permits are in place and plans commence for building a shaft that NXE is on its way to the development stage?
quakes99 wrote: HI teevee!  Wow, aren't you the happy chappy. :-0

You'd think with all the big bucks you must be raking in these days that you would be enjoying the good life, the way Malcolm always sounds, but instead it's just name-calling, insults, and abusive behaviour.  Sure doesn't sound like you're happy these days.  Sorry things aren't going so well for you. :-(

For the record, I did not say anywhere in my post that Garrett got the "shaft" (though I know he has been wanting one so he could transition from the slow and expensive directional drilling from surface to the underground delineation drilling that was done at McArthur River.  In pre-development stage, Cameco received a permit to sink a vertical and horizontal shafts with drill bays to facilitate faster subterranean drilling at depth so they could drill hundreds of horizontal survey holes in fan shapes from those drill bays.  NexGen will be doing that one day once they get the permit, which they said they applied for last year.) 

Here's a link to a report that details the complete history of the development of the McArthur River mine, written by B.W. Jamieson.  Worth it just to see the illustrations on how they accomplished the underground exploration program.  You can expect NexGen will be conducting very similar underground operations over the years to come.  Fascinating stuff that I very highly recommend to anyone who doesn't understand how deep mines are built.

https://www.iaea.org/inis/collection/NCLCollectionStore/_Public/33/032/33032922.pdf

But I digress...

What did happen though was that Garrett lost his exploration team, which put him up a creek with no paddlers.  Made him the VP of something that no longer existed, so really wasn't much point hanging around anymore, was there?

One thing I can say about Garrett is that he is a man full of optimism and drive.  He's got both the geophysical talent and skill as well as a good nose for how to trace mineralization from glacier motion and boulder tracks.  That was the methodology used to discover Key Lake 40 years ago, the last major shallow high-grade deposit that became an open pit mine with incrediblely cheap operating margins... a money printing machine like Triple R is destined to become.  He resurrected the technique nearly a decade ago, located high-grade surface boulders and the rest is PLS history.   Wasn't always easy, though.  He had the drive but not the funds to get the job done, so he borrowed money from his dad, Ben, which he used to do the initial fieldwork for ESO Uranium to discover PLS.  Quite an amazing story, and quite an amazing geologist!

You could learn a lot from Garrett, teevee.   Be cheerful, optimistic, quietly work away on something you feel passionate about, listen to others, stick to the facts, and always remain humble.

We're going to miss him!  (We're never going to miss you!)

Good luck with your investments!
Hope things improve for you so you can get a smile back on your face again.
Cheers!


Bullboard Posts