RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NEWS!JMO? >>>>>LOL.....are you a mining engineer? If not, that makes you an FCU parrot squaking some bs from an unqualified news letter writer or from quackie. Opinions require thoughtful insight and reason, non of which you have demonstrated.
Katie83 wrote: The costs will be prohibitive and very uneconomical to do any underground mining here, unless you see $80+ U spot price JMO
teevee wrote: Katie83,
Here is a quote from Warren Irwin, a hedge fund manager with many $millions invested in the uranium space:
“Cameco already has two amazing but challenging deposits,” Irwin said of McArthur River and Cigar Lake. “These deposits are vulnerable to water ingress issues, and could be shut down or suspended at any time, just like what happened at McArthur River in 2003. Does Cameco mitigate that risk with an open-pit mine under a lake? Or do they mitigate it with a basement-hosted deposit like Arrow in an environment they are used to mining at Eagle Point? Does Cameco let a deposit the size of Arrow be built by a new player in their own backyard? Irwin thinks he knows the answers.
“Fission will be swinging in the wind well past the mine opening at Arrow.”
Katie83 wrote: And its even riskier to be buying a speculative U explorer with no maiden resource estimate!!
PamplonaTrader wrote: BDMinefinder666 wrote: Risky? Building a mine in the middle of a lake is risky. Relying on a PEA that uses 65 dollar price for uranium is risky. Putting a capital number on a dyke before you have extensive borehole data and know how much loon cr+p you need to dredge before starting to build is risky...... Dev, this business is full of risk.
LOL!
