RE:NXE stepout is great butSupplementary if I may............... so this new PLS 550 million lbs possibility together with CIGAR Lake, McArthur River, plus the other eastern deposits must now put Saskatchewan as king of the uranium reserves, upwards of a billion lbs
Quite something really, uranium mining life extending out more than 50 years maybe sudzie191 wrote: and this is not inteneded as an NXE bash, but I think the price response to it is over stoked.
If you look at Figure 5, the C1 hole further to the southwest didn't get anything, and the counts for C2 from the detailed hole results aren't that amazing.
But drilling off more uraium is still good, and good for both companies in the long run. Analysts switch allegiance in the short run, is actually sort of amusing.
All very exciting for sure. Get the big takeover guys phoning each other, talking about deals, when to go for it, strategies to get it all.
That stepout likely means NXE inferred can go to about 250 million. Add in FCU estimate potential of 200 million, Shea Creek of 100 million, just keeping the numbers round, lol
We somewheres in the ballpark of 550 million lbs!
A whole new uranium mining district about to emerge, for a certainty.
So my last June posts about this possibility, now getting into the probability category now, not far from the reality category.