Uranium at Cigar Lake VS Uranium @ UEX Shea CreekCigar Lake is indeed a very impressive Uranium Deposit. Reading some of the Stats it is about 2 KM long by 20 to 100 M wide by no more than 12 M thick. In other words flat like a Big pancake.
The CL grades are truly world class but looking in more detail - very few of the high % are more than 5 M thick. But there are plenty of 42.0 % up to 55.0 % . 55.0 % looks to be the highest Cigar Lake % according to the Tech Reports.
VS Shea Creek which has some Uranium values of over 60.0 %. Yes not 5.0 M @ 60 % (yet) but 1.2 M + at 60 % is indeed very impressive. Plenty of empty never been drilled areas within the 3 KM of the currently defined Shea.If there is a 60 %, very very likely are many many more, just a matter of finding them. They will be found.
Hear that Cool A and your team - you guys must be certified geniuses...........Dollars are the objective not pennies, You guys are too smart , best you move onto maybe a smellier & deeper swamp. Will be good for you and your team.
So we have a 3 KM long corridor and within and between South Collette and Anne - the 58 B rarely drilled areas. AND South and south east of Anne another 2 + KM of very very limited drilling or NO Drilling.
Cluff Lake mined over 62 Million LBS of Uranium just 11 KM NW of the northern bounds of the Shea property. And do not tell me that the event that created the Carswell Structure - a Major Meteor Impact and the location of the Cluff Lake deposit and actual mine AND SHEA Creek are not related. Molten Uranium oozed for miles into many many crevices along the corridor between Cluff Lake and into Shea Creek and likley South of Shea Creek.
Oh and a few other properties as well under the UEX umbrella with many many LBS of Uranium. Oh and a few LBS of Cobalt and Nickel as well,,,,,,,,,,,,,,,,,,,
Once the Shea Creek program gets back on track, who says a few 100 Million LBS are here alone. UEX share at around 50 %. All for $ 0.095 oh sorry now $ 0.10 per share. Dollars not pennies - COOL A - moron.
MM