GREY:LRESF - Post by User
Comment by
Highrider7on Mar 10, 2014 10:00am
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Post# 22301887
RE:Remember 10x
RE:Remember 10x
That is true " thisstockbites ". But also remember that it is an entirely different area than Fission. Where Fission is located the uranium is very shallow and therefore much cheaper to drill and to mine. Where Lakeland is located ( north-west athabaska ) the uranium is found at the " basement levels " which is from 400 to 600 meters deep. This means it is very expensive to not only drill but also to mine if they even hit enough to make it feasible. You are trying to compare apples with oranges here by trying to compare Lakeland with Fission.
It would be best to compare Lakeland with Cameco and Areva as they are in the North Athabaska also albeit their mines are on the East side of the North Athabaska not the West.
Gotta keep things in perspective and ( at this point in time ) the South Athabaska is the hot play ... not the north. I am not saying that this cannot change but you gotta play the flavour of the day and right now that is the PLS area not the North Athabaska area.
Also Fission owns 100 % of their property whereas with Lakeland how much will they actually own at the end of it all ???