RE:RE:RE:RE:RE:RE:RE:Pounds Don't MatterGreenday,
i do know how many holes NXE needs to drill to upgrade the high grade sub zone from inferred to indicated-simply count the 25m spaces between the existing drill holes. NXE is well on the way and will complete infill drilling the high grade zone this drill campaign. The upgraded resource statement will follow this fall. Based on RPA's methodology, I expect the overall resource to grow by the size of RRR or by at least another 100 million pounds, and the high grade sub core to move from inferred to indicated.
I 100% agree with you that it makes no sense for for a union between FCU and NXE on the basis of "pounds don't matter". If so, you had better be invested in the company that makes it to production first. IF FCU wants to move any further along the de risking process, they had better impliment RPA's recommended $20 million budget and program to gather the geotechnical data required to start a pre-feasibility study, instead of twiddling their thumbs, drilling more targets.
Greenday wrote: @ Teevee - All the power to you if you know how many holes NXE needs to drill to upgrade Arrow from inferred to indicated as I don't have the answer to that. What I do know is that inferred is worth less than indicated and since market analysts have suggested - and the market itself has supported those suggestions - that pounds don't matter, it would make little sense for FCU shareholders to engage in a union (merger, buyout, whatever) with NXE at this point in time. Pounds don't matter (get discounted after scale is reached) so FCU shareholders would only be picking up the tab to move NXE along in it's derisking process. And if you think that FCU isn't further along than NXE in the derisking process, than you have an issue with the governing bodies that set the standards for calculating resources or with RPA for failing to adhere to the standards.