teevee wrote: thinkahead wrote: NXE and FCU will need to work together one day.
I don't see it for a few reasons:
1. a significant amount of PLS mineralization is at the uncomformity. That indicates there will be metallurgical and milling compatability issues, and increased tailings disposal issues and costs associated with the heavy metals that come with unconformity mineralization versus entirely basement hosted mineralization. Note that FCU will likely require separate milling flow sheets for the basement hosted and unconformity styles of mineralization at PLS.
2. NXE will have sufficient pounds for a stand alone mill: well over 400 million pounds
3. I can't see NXE's management and board working with Dev and FCU's board
I also believe NXE will be the preferred takeout candidate, but by who? At this time, Cameco has very large pending tax liability issues, and Rio Tinto is in the midst of raising $5 billion for its Mongolian copper mine. That leaves Areva and perhaps some if Areva's utility customers and minority partners.
Anyways, I am happy to wait as in my opinion, there are already more pounds at Arrow than at Cigar Lake, and if it continues to grow, will rival McArthur River or perhaps even be larger!!!!