OTCQB:UEXCF - Post by User
Comment by
invest4funon Oct 28, 2021 3:30pm
128 Views
Post# 34060368
RE:For the Denison lovers Courtesy of John Quakes
RE:For the Denison lovers Courtesy of John Quakesmangoe wrote:
Cantor Fitzgerard - Denison Mines - Positive ISR Field Test Results at Phoenix - Maintaining Buy Rating and Price Target – $3.75/C$4.75/share
not just for Denison lovers.... ISR is looking more and more feasible in the Athabsca Basin. This is EXCELLENT news, because one of the issues with mining the high grade unconformity uranium deposits of the Athabasca Basin has been the poor ground conditions associated with the deposits. Cameco freezes the sandy sludge around McArthur and Cigar before they "conventionally" mine the stuff. Failures in these frozen "walls" have resulted in the famous floods at those mines.
UEX has the same conditions around their Shea Creek and Christie Lake deposits. If ISR works at Phoenix, it should work there as well. The cost of extraction should be much less than previously estimated.