RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:What depth is the assays with over 1%
uthreeohate and tiger, thanks for your continued contributions to the board!
Not to offend, but by tiger's own admission, he is not familiar with the regional geology whereas Doug has spent 10 years in the Athabasca... I think Doug may offer better insight into what it might take to get the ore out of the ground.
In my humble opinion, I think it's clear that both Triple R and Arrow have their unique challenges. I'm also of the mind that each have their own world-beating merits. I leave the deeper analysis to those more qualified than me to comment on the feasibility of mining the rock. But who here is really sticking around for 10 years to see uranium actually mined from Triple R and Arrow? I've had many competent geologists and engineers tell me that they feel clueless when it comes to markets.
My talents are in identifying trends and capitalizing on opportunities in the equity markets.
FCU has managed to prove half a million lbs of U308 per hole... Which is fantastic value accretion... At least in terms of in-situ inventory. However, with just 40 holes, analysts are guesstimating that NXE has found 40-60mm lbs of U308 at Arrow... That's 1 to 1.5mm lbs of U308 per hole! Given this pace of discovery, similar treasuries yet a quarter of the market cap... It's obvious to me that NXE offers superior leverage. But to each their own.