RE:RE:RE:RE:RE:No Camp votesWhat assumptions? I have only used NXE's published data for drill holes and assays to date. Calculating weighted average grade is time consuming but easy. For each zone, for each hole, multiply assay x interval. Then total all (assay x intervals). Then add up all intervals. Then divide total of (assay x interval) by total of intervals. I admit that I do assume NXE is reporting true assays and intervals. Ongoing infill assay results continue to not only support and increase confidence in the numbers, but increase them. Ongoing step outs continue to grow the size of the zones and have found a new high grade zone #4 as well. It seems obvious to me that NXE will have as many pounds as Cameco's share of reserves at all their producing mines world wide (excluding undeveloped). What might that be worth in your estimation?
sudzie191 wrote: teevee - you have to make a lot of assumptions to get to 400 million
After the 5 drills finish and the assays are back better estimates can be done Certainly not enuf infu to support 400 million teevee wrote: sudzie,
Happy to explain:
1) calculate a weighted average grade for zones A2 (about 2.9%) and A3 (about 1.0%)
2) average the reported range of widths for each zone as reported in NXE presentation
3) use reported length x height x average width/2 x density of 2.6 x average grade x 2200 lbs/tonne (note: I divided by 2 to accommodate shape of zones)
4) add pounds in A2 and A3 for a total......
A2:
300mx340mx29m/2 x2.6tonnes/m3 2.9% x2200lbs/tonne=about 245 million pounds
A3:
295mx420mx54m/2 x 2.6 x 1.0% x 2200 lbs/tonne=about 174 million pounds
Total=419 million pounds.......zones are open along strike and to depth, and does not include new high grade zone A4.....infill drilling and stepouts continue to hit good grade and widths.....
sudzie191 wrote: Over 400 million lbs
Can you explain the details of how you arrive at that estimate teevee wrote: toriddog wrote: ........ I am against any thought of a merger with NXE until they have the 43-101 confirming the numbers they are throwing around. If over 100 million pounds maybe , if 400 million they should buy FCU for $5.00 per share cash.
hotdog vender,
ROTFLMAO.......First, there is absolutely no synergies between FCU and NXE. Second, based on NXE's data for zones A2 and A3, the maths indicate NXE will easily have well over 400 million pounds, and that doesn't include any pounds from the new high grade zone A4. Third, NXE won't spend 1 thin dime trying to buy FCU when they will have reserves for over 30 years production. Fourth, NXE will easily be able to justify its own stand alone mill. Fifth, it is unlikely they would incur additional capex to over build the mill to accomodate toll milling for small satellite deposits. Sixth, development of R780E is not going to happen any time soon, if ever. Seventh, PLS will sit for a very long time as just another undeveloped resource in the Athabasca Basin. Eighth, Dev fancies himself a close friend and business associate of Lucas Lundin. Nineth, NXE management is entrenched with about 30% of the stock. Over another 20% is strategically placed, so no hostile takeover can succeed....I will stop there for now......