RE:Wheeler VS ArrowGreenday wrote: ... Wheeler is just as good as Arrow - better in the minds of some - and is located near existing infastructure. Ross might be well advised to focus on increasing future drilling at Wheeler and reduce the drilling budget at PLS. That would give NXE time to drill Arrow and shift the burden of finding a suitor willing to build a mill over to them. PLS could ride on the coattails of Arrow and NXE. NXE is currently trading at a premium to NAV, so as at this point I'll take my 18% premium from DML and it's discount to NAV and go into a partnership with them.
LOL.....do some homework. The Phoenix "deposit" at Wheeler (DML 60% interest) is located at the unconformity and that style of deposit at that depth is now considered to be uneconomic ($7000.00/tonne mining cost plus over a $4 billion capital cost), unless at least as large as Cigar Lake (see
Oct 2014 No. 99 SEG-Society of Economic Geology). The Gryphon resource at Wheeler is over 700 meters deep, but may someday be economic if they can find more pounds as it is basement hosted. The setting of Arrow is considered to be the most favourable uranium deposit style and setting in the Athabaska Basin, and as such, is THE premier discovery.
“Real-World” Economics of the Uranium
Deposits of the Athabasca Basin, Northern
Saskatchewan: Why Grade Is Not Always King!
Oct 2014 No. 99 SEG-Society of Economic Geology