RE:RE:RE:RE:Gary Haywood - Cameco Expertise & ExperienceAt last a question from you Greenday where something interesting can be discussed.
I don't know the specific reason but every stage of defining a resource has assumptions applied and as a delineation process evolves those assumptions are essentailly put to the test.
I will wait until reports are lodged then have a look out of curiosity and as a means of developing my own understanding of these sorts of processes.
There is nothing surprising about these results even though I was hoping for an actual increase in pounds in the high grade zones which any stakeholder in any project would.
Let this be a lesson for every investor as in that the process of defining a resource properly and which costs a lot of money is something that is required if a project is genuinely moving towards production.
The Arrow deposit is one of a kind in many aspects and the grade and size is incredible and now proven and it sure beats those silly sorts of tweets you get from certain individuals where they reference one hole which is misleading.
Here is something for you to think about Greenday - Triple R is on trend with Arrow so if FCU ever gets around to defining any of their zones adaquately will they also see a similar adjustment with regard to an end result relative to what they have already got? With certain assumptions the answer would be a yes.
Something else an FCU shareholder should be very concerned about is that the big money that is required to move the FCU project forward in a significant way is not going to come to FCU without the adequate level of resource delineation plus all the other required technical studies which all costs lots and lots and lots of money.
NXE just closed above $5. A good day for NXE shareholders and based on that FS call that NXE just did the NXE share price would be a lot higher already if that call had a wider audience, The details of that call will eventually become known to those that do make a difference to a share price - it always does.