RE:Talbot comment on NXEThis is a great comment from Talbot
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It's going to take a while to completely drill off a Measured & Indicated resource at Arrow, but it's probably going to be one of the largest deposits ever found in the Athabasca Basin." Arrow is the best undeveloped deposit in the basin by a long shot!
giz62 wrote: From the Energy Report, Jan.6, 2016
We recommend NexGen Energy with a Buy rating, and no target price. As it drills its Arrow zone discovery on the Rook 1 project, NexGen continues to report some of the thickest and highest-grade uranium intercepts found this year in the Athabasca Basin. It is expanding a newly identified, high-grade core within the A2 Shear. This core alone could host over 60 Mlb U3O8. Further drilling suggests a similar high-grade core on the A3 Shear.
There are plenty of catalysts to drive NexGen into 2016—ongoing drill results, an initial resource estimate and another aggressive winter drill program to test high-priority targets. The recent CGN investment in Fission, next door, was also good for NexGen's share price, as it demonstrated that the large end users have given a stamp of approval to the western Athabasca Basin. We wouldn't rule out utilities having a similar interest in NexGen's Rook 1 project.
TER: Is the A2 subcore mineable given its somewhat irregular shape?
DT: Irregular shapes in mining are typical. What is important is that the deposit is predominantly vertical. This could allow bulk-mining methods such as long-hole mining, which tends to be lower cost and lets gravity do the work. The deposit demonstrates similar geometry to Cameco's Eagle Point mine, which feeds the Rabbit Lake mill on the eastern side of the basin. It's going to take a while to completely drill off a Measured & Indicated resource at Arrow, but it's probably going to be one of the largest deposits ever found in the Athabasca Basin.