08:16:42 EDT Fri 29 Mar 2024
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NexGen Energy Ltd
Symbol NXE
Shares Issued 306,448,620
Close 2017-04-12 C$ 3.31
Market Cap C$ 1,014,344,932
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Int'l Speculator says buy NexGen Energy

2017-04-12 21:39 ET - In the News

The International Speculator, in its March 22, 2017, issue, says buy NexGen Energy Ltd. at $3.32. This is the newsletter's first buy of the Athabasca basin uranium player. The writer says that NexGen's Arrow discovery boasts 179.5 million pounds of uranium averaging 6.88 per cent U3O8 and includes 164.9 million pounds averaging an "extraordinary" 18.84 per cent U3O8. The known mineralization is open in most directions, and there are similar targets on the property yet to be tested. While the top of the zone is twice as deep as the top of neighbour Fission Uranium Corp.'s Triple R play, he says that is still only about 100 metres down. This makes it one of the shallower deposits in the Athabasca basin. NexGen is not standing still. Its 35,000-metre winter drill program continues and the company will have an updated resource estimate afterward. Summer drilling is scheduled. The writer says that NexGen already has what is likely to become a profitable uranium mine, but it is likely to get bigger and better. With a world-class asset already in hand, he believes the odds of the development going "fatally wrong" are low, "unless management really fumbles the ball" or the locals turn against mine development. Buy on dips.

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