RE:Strategy for next drill programQuakes99/Lurk & Learns:
The next , "milestone" to look out for is the cut-off date for the updated ore reserve 2b used for the PEA.
Based on the areas being drilled, it appears that RPA has designated the in-fill high value targets. i.e. the high u3o8% zones.
Also note that radon sniffing is a, "water based" patent pending exploration tool; land based trendication for conductor(s) 3L(?) would have to rely on old fashioned metholodologies up to and including geophysics.
Interesting dissertation by self confessed "non-expert" on the relation of FCU/FUU. In hindsight, does it appear that when the FUU funding from FCU was done that FCU knew that together with the options and warrants that FCU would be looking to fund two more years of drilling? Maybe, maybe not.
Bottomline is that (painful as it may seem in this uncertain market) the time being bot with the $20 mln FT, will provide resolution of some or most of the "unknowns" as outlined in the CEO Blog & others as stated on this board.
This c/should provide a significant "k" (think coil spring) factor once all these facts finally get the attention of the (CNBC recently) US market. e.g. India's recent deal with Cameco, Chindia's reactor buildouts, Japan's re-starts, supply disruptions, etc.
Like the Crow & the Pitcher fable (or the Hare & the Tortoise), all of these positives in combination with the expansion of FCU maiden resource will be positive for the longs and the traders who manage to avoid being whipsawed when they least expect it.
Lurk & Learns, are always in a quandry wondering e.g. when a neighbour with 40 year's experience recommendation would "take off". Fact is, there is never any magic formula.
Is RR & CCO CEO doing some tree shaking for junior U shares with their "delayed" expectations? Coal, Oil & Gas are not substitutes for U but there could be some validity in their tempered timeline. vis a vis OP/CAPEX postponement aka kicking the can down the road.
With the plethora of deals (or not) possibly operating in the ESL background, while DML may not be the preferred dance partner for some of the "astute" on this board, IMHO a deep pocketed potential acquirior with a real Life of Reactor (LOR) focus may want to secure the SAFE replacement of the pounds being bot (known) today with an entity PROVEN to know where to find those pounds. All good but in time.
FWIW, BWDIK? - GLTAL - GLAP - DYODD, Caveat Emptor etc (achronyms & words well known to the shorts, bash and buyers, naysayers, in no particular order).
Cheers
Stanley