NexGen Energy Ltd (Stock Symbols – NYSE: NXE, TSX: NXE, ASX: NXG, FWB: 6NE) engages in the acquisition, exploration and development of uranium properties in Canada.
Is NexGen Energy a Good Investment?
Good investments are defined by many different metrics including financials, probability of success, risk profile, fundamental market analysis, management team, investment timeline and more as they pertain to your investment goals. For many investors, the summary below may demonstrate that NexGen Energy ticks off a lot of the boxes of being a good long term investment.
NexGen Energy Ltd holds a 100% interest in its Rook 1 Project in the southwest Athabasca Basin, Saskatchewan. Once you understand this project and current defined deposit, you will know that this is among the top uranium stocks to own.
NexGen Energy Uranium Properties Starting with Rook 1
The Rook 1 project has been remarkably successful for NexGen Energy.
Numerous uranium discoveries along the Patterson Corridor which runs through the property include the Arrow Deposit (discovered in 2014), the Bow discovery (2015), the Cannon discovery (2016), the Harpoon discovery (2016), and South Arrow (2017).
These uranium occurrences on the Rook 1 property lay from Northeast to Southwest along the Patterson Lake Corridor in the map as shown in the map below from NexGen’s September 2016 corporate presentation.
The Arrow maiden resource estimate was outstanding and only included 82 holes drilled through October 2015.
The estimate was nearly 202 million pounds at 2.63% uranium making it the third largest deposit in the Athabasca basin behind Cameco’s MacArthur River and Cigar Lake mines.
The Arrow Preliminary Economic Analysis (PEA) was released in mid 2017 which demonstrated to the market the enourmous financial power of the Arrow deposit.
The after tax NPV was calculated to be $3.49 billion CAD, with an internal rate of return (IRR) of 56.7%.
In early November 2018, NexGen Energy Ltd released its Pre-Feasibility Study (PFS) for Arrow to the market which impressed once again with amazing results.
The Arrow deposit had grown to a total of 256.6 million pounds of uranium in the indicated category (a 43% increase!), and another 91.7 million pounds in the inferred category.
This deposit has a AISC of $11.77 CAD – placing the costs for mining Arrow at the bottom quartile across the competitive landscape globally.
The Arrow deposit is anticipated to be the largest high grade uranium mine on the planet at production helping to meet the world’s energy needs.
Development of Uranium Properties Across Their Portfolio
The company has numerous other uranium properties to conduct further exploration and development to add to their uranium project portfolio! In addition, the company spun out and continues to own a 53% interest in IsoEnergy.
NexGen Energy Stock (NXE Stock)
The company shareholder composition includes a 74% institutional holding and 26% retail holding.
Major shareholders for the company include CEF Holdings, Queen’s Road Capital, Mega Uranium, Kopernik Global, Segra Capital, CQS LLC, Falcon Edge Capital, Old West Investment, Janus Henderson, and Sachem Cove.
NexGen Energy Ltd
3150 – 1021 West Hastings Street
Vancouver, BC V6E 0C3 (Canada)
NexGen Energy Ltd Stock Performance, Market Data and Market Cap
Stock Symbols – NYSE: NXE, TSX: NXE, ASX: NXG, FWB: 6NE
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While considering this individual company, also take a look at these other uranium stocks to include in your portfolio.
The NexGen Energy group is full of discussions, presentations, and company announcements. If you’re looking to be engaged, this is the place for it!
Discuss the company in more detail and dive deeper into organized conversations in the NexGen Energy forum.
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