RE:continued progressSummary - the cash flow sum of NXE and FCU together in a combined project is much more than the sum of FCU and NXE as individual projects quote=Solver]
With the existing 250m+ of RRR plus (new)135m western step out plus the (new) 385m eastern step out .......the width of RRR now is approximately the same as the total length of NXE's Arrow. (Bonus..... PLS opened at both ends!!)
Arrow is deep (up to 920m) and is a tubular ore body. The zones are up and down (like straws in a soda pop) compared to flat(ish) lying of PLS. (Shallow and open pitable). Initial recovery of U3O8 could be pricey for tubular ores. At present U prices, NXE may not be economical to mine or marginally economical at best. Will be interesting to see their PEA to make a realistic determination....if not delayed. Hard to guess on NXE as there are many variables. PLS has a $14/lb. recovery rate. That may go up or down too, as no one can predict the future?!
Finally with the technical release (inferred) NXE can now be seen as a ligit ore body. Both PLS and NXE will be critical to the U developement of the Western basin. Symbiosis of these two deposits will be necessary!
We now have this competitive, aggressive criticism, of each other’s finds and the continuous mindless bickering and drivel on the FCU/NXE bull boards, coupled with vacuum brained suggestions that PLS cannot be mined or that NXE is too deep. The technologies for both are there and available. Both deposits are unique unto themselves and in reality cannot be accurately compared! Both have pros and cons.
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