RE:Off topic: NexGen ...That's why the 43-101 will be so important. Interesting they originally said in March of '16, now it's been pushed back to 1H. They can keep on promoting based on the drilling, but once the technical report is out, it's tougher to do. Time will tell exactly what they have.
mesa1 wrote: Good grief that's deep!
A3 ShearAR-15-61c2 (245 m down-dip and to the southwest from AR-15-48c1) intersected 10.5 m at 8.52% U3O8 (773.5 to 784.0 m), and a separate interval of 37.0 m at 6.30% U3O8 (804.0 to 841.0 m) including 15.0 mat 10.10% U3O8 (826.0 to 841.0 m). Hole AR-15-61c2 returns a continuous GT of 236, which is the highest to date within the A3 shear.AR-15-59c3 (230 m down-dip and to the southwest from AR-15-48c1) intersected 4.5 m at 13.17%U3O8 (668.5 to 673.0 m). AR-15-61c1 (67 m up-plunge to the northeast of AR-15-52) intersected 14.0 m at 3.57%U3O8 (718.5 to 732.5 m). AR-15-60c2 (275 m down-dip and to the northeast from AR-15-48c1) intersected 10.0 m at 2.49%U3O8 (842.5 to 853.0 m).
A2 ShearAR-15-60c2 (165 m down-dip and to the northeast from AR-15-44b) intersected 23.0 m at 1.15%U3O8 (650.0 to 673.0 m).
Arrow, Activities & FinancialThe land-based and basement hosted Arrow zone currently covers an area of 645 m by 235 m with a vertical extent of mineralization commencing from 100 m to 920 m, and remains open in all directions and at depth.
What? 100m as a strting point? Aha, but NexGen's using 0.01 as a cutoff. What's that? ... barely $70 rock! 0.20 to 0.25 near surface is what is generally considered economic. Waste rock is generally 0.2 .
Who has ever used 0.01 as anything of value! The only thing Nexgen can ever take is will be high grade seems, robotically. The Nexgen resource will likely end up at .8% compared to MacArthur's 20%. That will never work! JMHIO