RE:RE:RE:Eight Capital now suggesting 202M lbs U3O8 at PLSThanks for the great feedback from the FCU Longs.
As mentioned in the following.....with some more good results on R840W.....hoping we get to 400M lbs soon.
David Talbot @ 200M lbs will also increase his forecast on more great results from R840W
PLS Zone R840W Line 765 West a "pot of gold"
image: https://www.fissionuranium.com/_resources/zoom2/PLS17-Winter-Proposed-Areas-of-Work_15Feb17.jpg?r=24792
Just noted that on the above map, L-765W WDP target area of 10 drill holes has 3x conductors and 2x Interpreted faults that are contained within that work area. Looking forward to some large North / South step outs.
Btw given Boulder field contains gold, looking forward to upcoming assays for their gold content as PLS todate has +0.51 g/t Au per 43-101
View more maps at:
https://www.fissionuranium.com/project/triple-r-deposit/maps-triple-r/ View L765W section at:
https://www.fissionuranium.com/project/triple-r-deposit/cross_sections/ Read more at https://www.stockhouse.com/companies/bullboard/t.fcu/fission-energy-corp?postid=26015131#4mIVClhWDKDjIMyc.99 Rover90 wrote: Current Forecast as requested........going much higher. All mineable!
| Forecast | | | | | | | | | | | | | | | |
| M lbs | | | | | | | | | | | | | | | |
| 108.3 | Triple R (Zones R00E 0.125km & R780E 0.9km) 1Q 2015 PEA 75% Indicated, 25% Inferred RPA 43-101 | | | | | | |
| 43.3 | Add 40% to Triple R per Dundee (D. Talbot) | | | | | | | | | | | |
| 151.6 | subtotal Triple R with Dundee (D. Talbot) guidance 1Q 2016 | | | | | | | | | |
| 22.5 | R1620E high-grade core to 95m L, strike length of 225m L Aug 18, 2016 per NR | | | | | | | | |
| 5.0 | Gap R780E to R1620E narrows by 60m L Aug 18, 2016 per NR | | | | | | | | | |
| 8.0 | Gap R00E to R780E 225m L Aug 18, 2016 per NR | | | | | | | | | | |
| 70.0 | New R840W approx strike length 465m L Aug18, 2016 per NR | | | | | | | | | |
| 3.3 | New R840W 30m West Aug 24, 2016 | | | | | | | | | | | |
| 57.0 | New area beneath R780E (500m at depth) Aug 24, 2016 NR PLS16-503, See CoreBox Longitudinal Section. MD&A Dec 31, 2016 states: "The deepest mineralization to date was intersected on line 780E on the R780E zone, reflecting the potential to grow the deposit at depth". | https://fissionuranium.com/project/pls/overview/ |
| 3.0 | New Zone R1515W strike length of 180m L Mar 20, 2017 | | | | | | | | | |
| - | High Grade Uranium Boulder Field - surface structure, spot sampling todate | | | | | | | | |
| - 0.4 | rounding | | | | | | | | | | | | | | |
| 320.0 | Total PLS | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | |
| Notes: | | | | | | |
| | Technical 43-101 | | | | https://www.fissionuranium.com/project/triple-r-deposit/technical_reports/ | | | |
| | Current Map | | | | https://www.fissionuranium.com/project/triple-r-deposit/maps-triple-r/ |
| | Current Video | | | | https://www.youtube.com/watch?v=i9yZ68KLY1I&t=479s |
| | Current strike length 3.14 km | | | | | | | | | | | | |
| | Winter drilling Program started end of Jan, 2017 | | | | | | | | | | |
| | R00E 125m L x 47m W; 3.8M lbs ~ 2% U308 grade | | | | | | | | | | |
| | Eight Capital / D. Talbot guidance Mar 23, 2017 202M lbs PLS…Quakes99 Stockhouse post | | | | | | | |
| | JMO, DYODD | | | | | | | | | | | | |
Rover90 wrote: Quakes Thanks. Davids new 200M lb estimate for PLS is his usual conserative self. On the initial PLS RE, his estimate was 20% less than the 43-101.
Given my estimate currently at 320M lbs (100% mineable includes depth on R780E) seems to me that David is low on R840W (my guess 70M lbs). The current drill targets at approx the L-765W mark is a HOT SPOT that has 3x conductors and 2x faults converging.
Ross has mentioned parallel conductor mineralization which he believes are present at PLS, and this maybe where it is found with a North and South step out. If these hit, R840W will look more like a christmas tree than a tadpole which will double my R840W estimate to be in the 140M lb range....as big as the Triple R. As Gig says Super R or Ultimate R!
Looking forward to you plugging in your new numbers below in your enterprise analysis....you may want to back out the 100M unmineable lbs from Nxe....FCU = Nxe lbs WOW.... and give FCU a premium per lb given near surface vs Nxe open pit grades 1 km underground.
quakes99 wrote: Was just reading a new NexGen analyst report put out today by David Talbot of Eight Capital (formerly Dundee). This statement in the 2nd paragraph was an attention grabber:
Results from the new Harpoon area are marginally positive but this alone won't move the stock of a company with over 300 MM lbs in resources. That said, the combination of this news, along with NexGen's Arrow, Bow and Cannon Zones as well as nearby deposits such as the 202 MM lb Triple R uranium deposit and its associated zones, the Spitfire and Spitfire North zones (located mere metres from Harpoon Zone), demonstrate high potential to discover other uranium bearing zones along the PLS corridor.
David Talbot is finally catching up to your estimate Rover!
Cheers and good luck to all the longs. :-)