What will it take?I have been here for a couple of years and remain confident in Nexgen.
It feels like we have been constantly treading water though. Since I bought in the spot price of uranium has gone up at least 50% and as indicated in their PEA the company would be profitable at this level. Not many uranium mining companies could make that claim, but I realize we are a ways off from actually being in production.
So... while I bide my time waiting patiently I have to ask what will push the stock price higher. A Bull run in uranium could do that but the timeline for that realization to fully impact the market is still a year or more away? A take-over could spike the price but that is not what I am expecting or hoping for. The company should be releasing its maiden PFS within the next month or two. That will likely include an updated Resource estimate. I honestly don't expect the RE to have any significant impact. It is already clearly defined that NXE's claim will lead to a viable mine. The PFS though will confirm a number of key elements to the methods of extraction and remediating the lands afterwards. I believe one area that will draw attention to NXE is the use of excavated mine areas below bedrock level to deposit the tailings from the mining operation.
I will be very surprised and honestly more than a little disappointed if the PFS has no positive impact on the share price. I look forward to what the future holds for Nexgen but aside from the upcoming PFS report I am looking 6 to 24 months down the road and prepared to continue to wait for the potential value of this company to materialize.