RE:RE:RE:RE:RE:RE:RE:Direction ...
The key differences are:
1) Millennium is one continuous orebody. Arrow will likely be a series of smaller ore zones similar to Eagle Point.
2) Millennium has to sink two shafts through 500 metres of water bearing sandstone in order to get to the basement rock. Arrow does not, so this is a key advantage.
3) Millennium is near a mill.
4) Millennium is much closer to the sandstone hence as mining gets near the sandstone the workings could get wetter. NXE will be a dry mine.
5) I think cost wise, both deposits will likely need $70-$80/lb uranium which is likely a handful of years away. This is not a big concern in my mind since it will take 5-8 years to get either deposit into a position for mining. Plenty of paper work between now and then.
Both will have their day assuming NXE proves out the pounds. Ranger, McArthur, Cigar, Akouta, Arlit, Langer Heinrich will all be mature assets in decline in 5-8 years so the industry will be naturally looking for their replacements and the U price will have to support this effort so we are likely talking north of $100/lb assuming China proceeds with the tripling of reactors between 2020 and 2030 which I have little doubt of. This will still leave them shy of the number in the US.