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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 Dec 04, 2018 4:54pm
119 Views
Post# 29064176

RE:RE:RE:RE:RE:RE:Mine development?

RE:RE:RE:RE:RE:RE:Mine development?Viewing NXE as a multi decade investment is a prudent way to look at it and I certainly do view it that way.

In my view this is very early days yet for NXE and I think they have a lot more Uranium to discover both in the Paterson Lake corridor and the adjacent Derkson corridor which they have hardly touched yet. While the focus is on the development of Arrow and getting product to market  to capitalise on the coming price increases, let us not forget the huge potential this company has for finding and mining a lot of Uranium in the western Athabaska that is less likely to suffer from the water ingress issues that have plagued Cameco's mines in the Eastern Basin.

How they get to a sizeable mining company from where they are now will be fascinating to watch and whether they can pull it off without massive share dilution or accumulating large debts which has been the end of many good companies.

Always have been in this for the long term and there is lots more to come yet.

Malcolm


Bullboard Posts