RE:RE:RE:RE:NXE is Massively Undervalued Pt 4 bulava,
Pamp's #'s are only for the high grade core of zone A2. Calculating a weighted average grade for all of zones A2 and A3, using NXE's numbers for length x height x average width/2, then a conservative density of 2.6, yields a number well in excess of 400 million pounds-over 4 times the size of PLS, and that does not include the new high grade zone A4. Yes, more infill drilling needs to be done, but so far, the infill drilling keeps hitting wide, high grade mineralization, indicating the continuity, or worst case, very large lenses.
bulava wrote:
Thanks, Pamps. I should have listened to you earlier with your absolutely correct FCU-to-NXE call. </br></br>
You write: "Given the above, I have high confidence NXE will delineate an indicated resource of roughly 220mm lbs U308. 150m strike / 25m hole spacing for indicated resource = 60 holes. 40+ already drilled within the high grade core with 30,000m+ for winter drill season."
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Please clarify - Is this your estimate for the total of Arrow for the official Q1 2016 RE? Do you think there are enough holes from the current data (after assays)? The winter results won't be in the maiden RE, and we need that number to be spectacular. Regardless, NXE is cashed up for delineation drilling in 2016.
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Need a 3D Corebox model to view the deposit and drill holes, the 2D figures are hard for the mind to process.
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Based on your 220M lbs, even at a major discount of CDN$3/lb and ~300M NXE shares fully diluted, that would be about $2.20/share. Sound about right? But who knows with these markets and the games (just look at the FCU debacle).