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Nexgen Energy Ltd T.NXE

Alternate Symbol(s):  NXE

NexGen Energy Ltd. is a Canadian company focused on delivering clean energy fuel for the future. It is engaged in the acquisition, exploration and evaluation and development of uranium properties in Canada. It is focused on optimally developing the Rook I Project. It has a portfolio of highly prospective projects, including its 100% owned Rook I property that is host to the high-grade Arrow Deposit, South Arrow, Harpoon, Bow, and the Cannon area. The Rook I Project is a development-stage uranium project in Canada. The new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin, located in Saskatchewan. Arrow is a 100% land-based, basement-hosted, and high-grade uranium discovery. The Rook I Project, host of the Arrow Deposit, which is a development-stage uranium project in Canada and is 100% owned by NexGen Energy Ltd. The Rook I property hosts the Harpoon Discovery located 4.7 km northeast of the Arrow Deposit.


TSX:NXE - Post by User

Bullboard Posts
Comment by teeveeon Oct 01, 2016 10:14pm
193 Views
Post# 25299200

RE:RE:RE:RE:RE:RE:RE:On the road to a Billion Pound Resource (Half Way There!)

RE:RE:RE:RE:RE:RE:RE:On the road to a Billion Pound Resource (Half Way There!) Greenday,
You are a troll as you know full well that RPA calculated grade away from drill holes using I/D3 (distance cubed). There have been zero misses on infill drilling. This raises confidence so the inferred resource for the high grade sub zone will move to indicated, and grade away from drill holes on 25 m spacing will likely be changed to I/D2.  The high grade sub zone is expanding in size, and many of the infill holes are higher grade with longer intersections. A double to 400mm pounds is  reasonable. Also, have to add in the 180 zone, the new high grade A1 zone, new A5 zone and expansion of all zones overall.....how do you like being saddled with Dev, his straw board, and the costs that will come with mitigating water inflow problems at all PLS zones? But then again, those water problems won't surface until FCU proceeds with a pre feasibility study, which won't happen for years if ever,  as Dev and Ross tout the way forward for FCU is continued exploration.  Why you hold FCU is beyond any rational explanation, other than cognitive dissonance.
 

Greenday wrote: @ Malcolm2001 - Are you certain that Arrow's current resource estimate of 202M/lbs will be raised to 400M/lbs (BreX Irwin's estimate) because the 2016 drill holes are not yet included?  It's my understanding that some of the 2016 holes are infill holes and which to me means that those holes wouldn't necessarily raise the total number of pounds in the current estimate proportional to the pounds "discovered" in the 2016 unaccounted for holes.  In other words, to avoid double counting pounds, a proportion of an infill hole's (pound) information will already be included in the existing resource pound estimate and the information from the infill hole will go towards upgrading the existing pounds from inferred to indicated rather than too new pounds.  That of course makes it more difficult to add new pounds to a resource estimate by infill drilling -  but also why inferred pounds are less valuable than indicated pounds.


Bullboard Posts