From a medium-term view, NXE’s recent strength makes sense to me, as the market is pricing in a structural uranium supply deficit rather than near-term earnings. NexGen’s Rook I project is a globally strategic asset, and if it moves toward production as planned, the long-term cash-flow story remains attractive despite the company being pre-revenue.
What I find most constructive is the combination of nuclear power tailwinds and company-specific de-risking. Energy security and decarbonization support uranium demand, while the recent equity raise significantly extends NexGen’s liquidity runway and reduces near-term financing risk.
That said, I still see NXE as a high-volatility, high-conviction idea rather than a defensive holding. Valuation already reflects strong expectations, so execution on approvals and construction will be critical. I treat NXE as a longer-term uranium thematic position, sized with risk in mind.
@Tiger_comments @TigerStars @TigerClub
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