2024-04-19 05:38:03 ET
Summary
- NexGen Energy is developing the world-class Rook Project/Arrow Deposit in the Athabasca Basin, projected to be one of the largest uranium mines in the world.
- The company is currently in the permitting phase, with limited newsflow until all permits and approvals are received.
- For now, NXE stock price is simply a beta bet on the price of uranium, with potential timing delays and cost overrun risks.
- I maintain my hold recommendation.
To be upfront, I am a long-time uranium bull, having assigned a buy rating to uranium equities almost 2 years ago when I joined Seeking Alpha. The bull case for uranium is undeniable: nuclear power is one of the greenest sources of energy, on par with solar and wind (Figure 1)....
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For further details see:
NexGen Energy: Still A Long Way To Go For A Buy Rating