The Patterson Lake Corridor: PTU and ALX et al.The Spitfire discovery zone of PLU is right up against the Bow zone mineralization of NXE. There is a distinct possibility that the two are the same U play.
PLU's high grade hit suggests that the main U content is on PLU territory of the Patterson Lake corridor.
If this is the case (which seems to be at this time) it would leave NXE with only one main Arrow deposit and a nibble at the Bow. NXE has the smallest claim length on the Patterson Lake corridor, but large holdings out of that corridor and at this point.....unproven moose pasture as do the rest of the main players in that area. Arrow, although very deep, is a viable discovery. More to come.
Most who are longs may have remaining shares of ALX which has an excellent position on the PattersonLake corridor. It is 50% longer than NXE and has drill ready targets in prime locations. One good hole and it should be a nice holding too. Very good potential.
With CCO/PLU/Areva being a new high grade player on the Patterson corridor, we can more clearly see the huge potential of that area for future production, and all discoveries will contribute to future success of all the deposits.
Still, in my opinion, PLS has the better and more minable discovery to this point, closest to the roads and power etc, , and if management gets it's act together.... huge upside. If the PLS share price continues to stagnate when Dec. 2016 voting time comes along, and all other companies are progressing, we will more clearly see how to voice our concerns through our votes, using your own personal research and due dilligence! We need not be mute.
It is no secret that share prices reflect confidence in management in ANY company.
Always DD.