Fission Uranium Corp T.FCU

NXE forward looking statements.......for NXE cheerleaders!

[Solver]

 From NXE: QUOTE:

 

“NexGen undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.”

These statements should be taken seriously in your DD for NXE.

 We give them the benefit of knowing there is a nice quantity of unknown amount of U, there….no question.  Quantity unknown, difficult to assess!!  And it would be beneficial for the Western Athabasca for that project to succeed.   However to say it is larger than PLS:

No matter what angle you look at it with the NXE step out drilling (3D model), we do not see any increase in actual lbs. U or zone extension.  The ore body looks like a rotten tooth with a lot of empty space…..making a critical density calculation (without -90 deg. infill drilling) very difficult for actual lbs. U.

You do not have to take my word for it, but do your own visual comparison.  Go to PLS Technical report (Fig. 14-12) and see that the drilling and extensions are almost all drilled at -90 deg. or close to it.  Thus when they step out they add lbs. and true zone size expansion; and they have hit mineralization to a distance of over 2.31km and have 105 m lbs U. (without R600)

With the 3D model of NXE every step out appears to be drilled back in through the same ore body.  So you can step out as much as you like but if you drill back, angled as steep  as some at -62 deg.,  it appears you’re just proving up the same thing over and over from different angles…..there are no lbs. added or  more critical extensions of the ore body as far as I can determine.  That is my personal assessment and forward looking statement….so again…. apply the forward looking statement above.

Remember that expanding step outs….. is different and not necessarily expanding the ZONE.

Also another observation with NXE; you will see that the core holes end on all sides (porcupine), they end in the white (termination of mineralization).  Perhaps I’m mistaken, but the evidence as presented in the 3D, are enough to indicate that they seem to have reached the complete maximum size of this particular ore body lens.  Right or wrong that is why I sold all NXE shares, as I was uncomfortable with that progressing scenario.

  (Special thanks to: Sudzie 191; teevee; done 947 and any others for relieving me of my NXE shares at $0.85/share.)

  I would re-invest:  PROVIDED they start exploration on a different stringer with new hits, clearer potential and do infill drilling on Arrow. 

Impossible to see it larger than PLS!!!

 The reader is cautioned not to place undue reliance on forward-looking information.

Observations only and not technical analysis!  DD should not be done with rose colored glasses for any company!

Solver