RE:RE:NEWS- Maiden Mineral Resource Estimate for Arrow DepositHere you go bs_man, from Raymond James report: "Inferred Should Not Be of Concern. Given the companys strategy of defining a large footprint quickly, the steeply-dipping orientation and mid-range depth of the deposit (high-grade starting at ~250-300 m vertical depth), and the introduction of wedge-like directional drilling only recently, it should come as no surprise that spacing between pierce-points is predominantly ~50 m, sufficient only to define an Inferred category resource. This was also well-telegraphed by NexGen to the market. We do not believe this should be of concern to investors; the pelitic gneiss (host rock) stratigraphy has proven very consistent over Arrows strike length, as have the uranium grades, thicknesses and alteration within drill holes across the deposit. This is best evidenced by the consistency of the seven holes defining the heart of the A2 Sub-zone. While it is typical for uranium deposits in the Basin to pinch and swell down-dip and along-strike, the variation along this high-grade A2 Sub-zone core appears modest. Indeed, some infill holes drilled this year, as aforementioned, are stronger than those included in the resource. It is therefore to us very possible that contained metal will grow significantly upon conversion to the Indicated category, as was the case with McArthur where a 260 Mlbs resource was defined from surface (only to nearly triple once underground)."
bull_man wrote: no indicated resource (all inferred), and it's friggin deep!!! this will never be mined out; FCU has over 80% of it's maiden resource in the indicated category; nobody will ever buy an inferred deposit ever again, ask rio.