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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (7976)	8/18/2015 9:59:29 PM
From: teevee	Respond to of 8273

For those who might have interest in uranium, to follow up my previous post, here is my maths for Nexgen's "Arrow" zones A2 and A3, accounting for rough triangular shapes of both zones, and subject to infill drilling: Zone A2 (numbers from August presentation except weighted average grade of 2.93% which I calculated): (330m x 340m)/2 x(29.65m average width)x(2.6 tonnes/m3)x(2.93%)x(22 lbs U3O8/%)=253 million pounds U3O8 Zone A3 (numbers from August presentation except weighted average grade of .83% which I calculated) (295m x 420m)/2 x (54.3m average width)x(2.6 tonnes/m3)x(.83%)x(22 lbs/%)=159 million pounds U3O8 Total possible resource for both zones: 253 + 159 = 412 million pounds U3O8 This is shaping up to be the largest deposit in the Athabasca Basin. Nexgen August presentation: nexgenenergy.ca