Fission Uranium Corp T.FCU

RE:RE:RE:RE:RE:NXE stepout is great but

[sudzie191]

True about hi grade and payback, but NXE not large enough yet to justify a rush to build a hi grade more costly mill. And it will take longer to build that mine and mine that hi grade stuff safely. 
I think it get more logically mined from the bottom up than top down. If so, its a shft all the way to the bottom at the beginning which will take some time.

FCU's open pit is an earth moving operation, bunch of big trucks make quick work of that stripping to get at the ores. Simple to do.

Once into the mining phase at NXE, it will be much more economical to mix in that hi grade ore with low grade ore from FCU, and keep the mill cost low with a lower grade mill desing.

All to soon to really optimize everything I think

ILUVDIVIDENDS wrote: @geork27: You made some very good points. Although technically challenging because it's U, most miners will target high-grade first to shorten the payback period. This makes a large high-grade core desirable. NexGen's high-grade core appears to have more pounds of U3O8 than what's been reported for the entire RRR deposit (yes, we know eventually there will an update..). We all know that more drilling is required if the Arrow resource is to be partially upgraded to Indicated. Maybe a very large Inferred resource is all a potential suitor requires, with the "spare" tonnage compensating for resource risk . There have been many cases in other commodities where no resource was estimated when a take-out took place. After all, competent majors will have their own in-house teams, and consultants, to do evaluation work prior to making an offer.

georck27 wrote: Your missing the point - unless you work for the company. An investor in this play should own both, and more NXE given the upside there. The high grade core is way more attractive and I dont think your  NPV addresses it. I wouldnt pay any attention to analysts asset values either vis a vis what a company is worth to another company in this play.