RE:RE:Refresh of Eleonore BASEMENT HOSTED Benchmark For perspective on depth:
Also, note there are untested hanging wall faults at Arrow.
PamplonaTrader wrote:
Per today's Raymond James report:
"For reference, 10.0% equates to an in-situ rock value of over US$7,600/t at the spot uranium price of US$35/lb, or 7.1 oz/t gold. Only McArthur Compares."
My estimate for just the Ultra High-Grade Subcore stands at 160mm lbs @ 6.19% U308.
See the below comparison to Eleonore done by HighROI:
HighROI wrote: The Goldcorp purchase of the Eleonore project from Virginia mines was announced on Dec 5, 2005 at a deal valued at $420M USD (488M CDN) when gold traded on the day at
$508.8 USD. In November 2017, Osisko took over Virginia for $479 M to acquire their NSRs on Malartic and
Eleonore.
Take a look at Eleonore's underground (basement hosted) plan and look at how level 2 lines up with the high grade core in the A2 Shear where the bulk of the pounds are currently residing:
Eleonore Benchmark
| | Eleonore | Arrow | Comments |
| Resource Size | 7M ounces | 200 M +Lbs Est. | Both Eleonore & Arrow have growth potential |
| In the Ground Value | $8B | $8.8B+ Est. | @$1,141 per ounce of gold
@ $44 per pound long term U3O8 per FNArena |
| Depth Profile | 50m to 1000m | 150m to 1000m | Arrow would have a very similar depth profile with ore hosted in similar fashion in a similar vertical deposit |
| Grades | 6.3 g/tonne | 23.5g/tonne | At conservative average grade of 1% |
| Ore Value per Tonne | $253.56
(6.3 g/tonne*.035274 ounces / g *$1,141) | $2,420
(1% X 2.5 specific gravity * 2,200 pounds / tonne X $44)
$12,100
(5% X 2.5 (low) specific gravity * 2,200 pounds / tonne X $44) | At $1,141 per ounce gold and $44 long term price per pound. Arrow with at least a 1% average grade. |
| Cash cost per Ounce/Pound | $400 | ? | |
| | | | |
| All-in-Sustaining Cash Cost Per Ounce / Pound | $900? | ? | |
| | | | |
| Capex | $1.9B | $1B ? | Per Leigh's BNN interview comments |
There is no way Arrow will not be a mine given the similarities with Eleonore. The Capex at Arrow should be substantially less and the ore values per tonne are way more.