Fission Uranium Corp T.FCU

RE:RE:RE:Re Re Re Bottom Line

[sudzie191]

teevee -   please don't stay awake all night worrying about the water seepage. Being a practical experienced engineer and well just a sensible thinker, I would expect that about 99% of the water that seeps into that open pit comes in from the lake and never sees a uranium atom.

Therefore the clever engineers who designed the Diavik diamond dykes and the contractors who wrote up that section of the RPA report for FCU, would probably have collection trenches and pits for the clean water coming in from the lake, and maybe just pump it back into the lake, via a holding pond somewhere. It will require no treatment at all.

Rainwater and snow melting water over the open ore in the pit will be a very small percent of the water that has to be treated, and may even just be fed to the ball mills or processing circuits in the mill. 

I think I have seen you post your worries about seepage water a 100 times or more. Please don't  worry yourself into a tizzy about it.  It is a non issue.

Guess what, all of the water in Paterson Lake has basically zero uranium in it, and as for the radon that bubbles up, it is like parts per billion.  You might even have more radon coming from the basement of your own house!

It would be nice if the leakage flowed over a deposit of uranium that is the whole lake bottom, lol, but alas that is not the case.

Now as the hi grade uranium is mined out, then its in the mill processed and on its way to the customer, so not polluting the rainwater either.

I know its very considerate of you to bring up non-issues to bash FCU and management, but may I suggest  you  are wasting your time and demonstrating a certain lack of common sense.
 
Do yourself a big favour and stay well clear of any technical, environmental,  economic or any other self invented issue.

THere is absolutely nothing that would prevent either the FCU or NXE deposits from being mined economically and with acceptable environmental impact.

OK?  You might expect that I have long ago questioned some of the most experienced folks about this along with CGN folks.

teevee wrote: Sudzie,
Putting aside issues with the dyke, THE greatest and costliest unknown risk is the amount of water seepage into the pit, and the cost of building and operating a water treatment plant to remove radon etc. This unknown is such a huge risk that I doubt any mining company would ever take the gamble on developing PLS. This, along with the likely cost of the dyke, time to construct,  mining sequence issues etc are probably why FCU has not proceeded with RPA's recommedations. 

sudzie191 wrote: Toridog

I think  logistics determine the sequence of mining these deposits. FCU first because the mine is easier and faster to build, basically an earth moving operation, and a dyke. 

THat gets to the hi grade so fast payback and income to build the more expensive NXE mine because it is so deep and hi grade. THey will need to preserve shielding and have complex ventilation to handle the radon and particulate to keep CNSC folks happy chappies.

So when FCU mines out the higher grade and is into the lower grade, those ores get blended with the hi grade NXE ores soas to avoid a much costlier hi grade mill.

THus its an integrated mining sequence to maximize profits.

The 2 projects will mine more cheaply in the integrated manner, than as 2 separate projects.

Too early to say which of FCU or NXE wilol have the most lbs of uranium, but certainly FCU appears to have some catch challenge.

toriddog wrote: Arrow is not open in all directions !! It is open in one direction and that is down. Please look at all the drill reports. The deposit size changes very little. Look at the dud holes ,everytime they drill to the side from the surface nothing !!
Very good large deposit but very deep. They have lots of claims but have not strayed far away. Think they are doing that now as they have plenty of unexplored claims. 
PLS is much larger and far easier to mine. They ARE drilling on new sites and have been very sucessful. 
Bottom line is PLS is the most profitable undeveloped deposit by a wide margin and this will show up someday in the stock price.
Rather than argue check the facts on drill reports and it is very clear to anyone who understands them. When  I go to the NXE website I have to wade through a pile of posters who are on ignore and they all have hundreds of other ignores so that should speak volumes to anybody looking.
Three investment funds selling NXE today as expected, they are grabbing a nice profit and moving on to the next victim. They all were here before and caused a pile of price carnage.