RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:43-101 update and drill results?HighRoi,
Every dollar spent on fullfilling the recommended work needed to move towards a pre feasibility study takes away from you know who's >$100K/month expense account. It is party time on CGN's dime for at least a few more years.
HighROI wrote: Looks like management took a page out of NXE's playbook and published a plan for 2016 / 2017. Page 17 in fission presentation outlines drilling but absolutely none of the recommendations in the PEA to further de-risk the project for 2016 / 2017. It is clear to pumpers and bashers alike that the dyke and water issue is heavily debated. If you were Fission management would you not undertake a recommended study to look into the dyke and water ingress issues further? If this issue is de-risked: capex costs of the dyke are confirmed and the technical feasibility confirmed then FCU would go through the roof. These are all required as part of a pre-feasibility yet no mention anywhere in the plans. Drilling has gotten FCU nowhere for a while and will continue to do so. Is the plan to just wait for spot to rise and keep drilling or actually advance the project? NXE is going to have a second update to the resource this year and a pre-feasibility in 2017. No mention of timeline for FCU pre-feasibility and deferred resource update until 2017.