Do you remember back in Rocky IV when Balboa was out in the middle of the Siberian wilderness? He was training for his big fight with Ivan Drago. But rather than using the big state of the art tech and being monitored by a team of scientists like his competitor, Balboa was just out in the woods. Running through water. Chopping trees. Hauling firewood. Using relentless discipline, grinding his way to top physical performance.
That image, full of simplistic means, hard work, and endless discipline, is a lot like how the junior mining world works. Everyone in the sector is more than aware that this industry is a marathon not a sprint. It’s an endless grind of funding, exploring, and permitting.
But some sectors are tougher than others. In particular, the uranium industry. Which unquestionably is a permitting nightmare. A nightmare which doesn’t even begin until the exploration is done and the feasibility studies are presented.
Which makes NexGen Energy’s (TSX: NXE) recent CNSC licensing award all that more significant.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
