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@Rulingmining https://sputniknews.com/science/201706211054843753-russia-rosatom-mayak-nuclear-fuel/. Russia Developing 'Omnivorous' Complex for Reprocessing Any Type of Nuclear Fuel by 2020 #uranium $NXE
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from #uranium,
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@Benedict Note, the above news is positive for $MGA re Toro http://www.mining.com/western-australia-bans-uranium-mining-existing-projects-safe/
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@green cant ever remember seeing this few amount of shares traded
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anonymous not uncommon, probably on pace for a million. 15 min chart looks like death
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@Gamblor @rulingmining the news you put up might eventually also influence the spot price when in a few years less Mines will be producing because of this ban and the demand would just grow out of control! My feeling is that this kind of news is just positive for our investments in general, specially long term Uranimum holders.
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@Goldfinger Haywood highlights potential upcoming catalysts for $NXE: 1. wrap up results from 40,000m winter program (next week or so) 2. PEA announcement (June/July) – expect big marketing push on back of this in US 3. start summer program aimed at continuing to grow resources (July) 4. announcement on exploration shaft decision (August) 5. commence permitting of shaft if proceeding 6. BFS early next year based on new resource figure from 2017 drilling
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from #index,
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@HighROI @Goldfinger BFS or PFS? Just to confirm because impression anyone following for last while was a prefeasibility study in 2018.
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@Goldfinger Haywood says BFS @HighROI
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@HighROI Thanks something for me to follow up on and confirm with NXE.
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@cole119 Bankable Feasibility Study?
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@Goldfinger Yes @cole119, BFS is bankable feasibility study and PFS is pre-feasibility study. This is a great link: http://www.rpmglobal.com/wp-content/uploads/2015/08/Issue128-UPDATE-Minimum-Engineering-Study-Requirements.pdf
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@SASKEXPRESS Thanks for the update @Goldfinger. That's some interesting news, especially points 4 to 6.
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@HighROI It will be PFS not BFS. Confirmed with NXE so misprint by Haywood.
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@teevee @HighROI, $NXE can't sink a shaft without a tailings disposal site and a water treatment plant and pond.
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@SASKEXPRESS $NXE Question for you engineering types. Let's say they decide to sink the exploration shaft (I realize that action is not imminent), having addressed any concerns like the ones @teevee mentioned. I assume this exploration shaft would remain in use when the mine is eventually developed? In theory, would an exploration shaft eventually become the main service shaft that @ocotilloredux references on page 3 in this document that he posted last fall? https://www.docdroid.net/6V4nesb/arrow-conceptual-level-mine-operating-cost-estimate.pdf.html#page=3
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@kens Good question ty
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Kevin @SASKEXPRESS an exploration shaft could be used for ventilation or as a service/people movement and secondary egress it won't go to waste. Arrow is not deep so I would also expect a ramp to surface.
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anonymous No mas compradores
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@Goldfinger @HighROI Good one, I did pull a double-take when I read BFS. Trust but verify.
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@TSXminer Looks like Rio is getting into the diamond game in SK: http://www.shoregold.com/_resources/news/nr_2017_06_23.pdf
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@HighROI @Goldfinger thanks
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@HighROI @Teevee there is a good read with Rio Tinto's advanced exploration proposal on shaft sinking on page 36. http://publications.gov.sk.ca/documents/66/95813-RRAd%20Ex%20Tech%20Proposal%20Final.pdf
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@HighROI Surprisingly from time of submission for review to start of construction is only 1 3/4 of a year on page 13.
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@HighROI As several knowledgeable posters here have commented including @BDMinefinder and @Bernardshaw Majors don't like you messing around putting in a shaft.
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@pete As a friday joke.. why not propose to put the shaft a bit wrong to trigger those majors? ;)
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@cole119 You mean its supposed to be VERTICAL???? lol
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@JamesKwantes Give them the shaft, so to speak ...
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@Goldfinger $Uranium sector quietly having its best day since April. $CCJ $CCO $FCU $NXE $URA $UEC
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from #index,
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@JamesKwantes The 3-year NexGen chart is pretty interesting. I'm adding today
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@teevee @HighROI, great document to help guage $NXE's news on shaft sinking if and when it comes.
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from @teevee,
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@speculator Being that it is Friday ... Im keeping a close eye on this weekly close. http://cdn.ceo.ca/1ckqkev-weekly%20hammer%202.png+
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@Vidal I don't trust this recovery one bit. The volume is anemic this last few days... I really hope I am wrong for all you who have bought in recently.
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@PamplonaTrader Some green shoots. $U closes above 20 and 50 day moving averages. $UEC up big today breaking past US$1.55-$1.60 resistance.
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@gt Look at volumes in November. I think it same, someone was dumping big time.
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@Goldfinger Green shoots indeed. The dip below $2.50 appears to have woken some buyers up. $NXE
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@PamplonaTrader nice weekly hammer as @speculator pointed out.
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@PamplonaTrader Hopefully we get a bottom here.
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@Goldfinger One POSSIBILITY for $NXE: Early in the week price dropped below weekly 2-std Bollinger Band and out of multi-month falling wedge only to rebound strongly and close at the high of the week http://cdn.ceo.ca/1ckqtsm-NXE.TO_Weekly_6.23.2017.png+ Bullish reversal hammer needs confirmation next week, however, oversold rally could easily reach C$2.85-C$3.00 area early next week. Nobody was calling a bottom at Tuesday's low (including me) and many were saying NXE had to go lower. #observations. $uranium
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@speculator This little rally has left NXE room for a pretty decent pullback early next week, that would not break the current bullish tendencies. NXE definatly could have bottomed here. If the chart stays bullish next week, i suspect we could be having a good july rally. Nice to see
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@speculator What you trying to say ? Lol
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@enviro111 $tk . $cgp. $nxe. Can anyone give me the link to the geology YouTube series. I think it is a set of seven videos. Thanks
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from #cgp,
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@Excelsior @Goldfinger - as to your point earlier today about the #Uranium space quietly having it's best day since April. Very refreshing to see. Here's a recap of the companies that had a positive ~Green day to close up the week. #Uranium Stock Symbol Company Name Chg % Chg $UEC Uranium Energy Corp. +0.22 +15.71% $PBM Pacific Bay Minerals Ltd. +0.005 +12.50% $CLE Clean Commodities Corp. +0.005 +10.00% $FCU Fission Uranium Corp. +0.05 +9.26% $DNN Denison Mines Corp. +0.04 +8.93% $ARY Anfield Resources Inc. +0.005 +8.33% $FUU Fission 3.0 Corp. +0.01 +7.69% $URG UR-Energy Inc. +0.04 +7.14% $URRE Uranium Resources, Inc. +0.10 +7.04% $MGA Mega Uranium Ltd. +0.01 +5.88% $DYL.AX Deep Yellow Limited +0.01 +5.45% $UEX UEX Corporation +0.01 +5.26% $URA Global X Uranium ETF +0.56 +4.49% $UUUU Energy Fuels Inc. +0.06 +3.95% $SNR Senator Minerals Inc. +0.04 +3.48% $NXE NexGen Energy Ltd. +0.09 +3.41% $AZM Azimut Exploration Inc. +0.01 +3.13% $CCJ Cameco Corporation +0.23 +2.52% $LEU Centrus Energy Corp. +0.11 +2.33% $PWM Power Metals Corp. 0.00 +1.82% $PLU Plateau Uranium Inc. 0.00 +1.33% $U Uranium Participation Corporation +0.05 +1.28% $ERA.AX Energy Resources of Australia Ltd 0.00 +1.03%
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from #index,
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@ocotilloredux @SASKEXPRESS wrt $nxe an exploration shaft still needs an approved EIS largely due to the need for groundwater treatment/discharge into a local water body plus the potential for creating acid generating/U mineralized waste rock piles on surface etc etc. Put the shaft down at 7 m diameter since it does not cost much more than the 5.5 m one we put down at McArthur and will allow more fresh air into the mine since you do not want the air velocity to be over 12 m/s in a service shaft.
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from @ocotilloredux,
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@Goldfinger $NXE 4-year log scale chart illustrating the recent correction is very similar to last year's. A quick move back above C$2.85 will make last week's drop down to C$2.43 look like a failed breakdown: http://cdn.ceo.ca/1cksusg-NXE_Log_Scale.png+ Another thing worth noticing is the relatively light volume on the decline over the last few months. Last week in $NXE is an example of why I often refer to weekly closing prices. $uranium $URA
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from #index,
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@ocotilloredux @teevee I support your comments that $nxe can take this through to production. It would take about a week to put the team together here in Saskatoon.  This option provides $NXE with a pretty good playing card since debt financing via CNNC CNG is the fallback. 
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@tcu technical analysis can and should be used but always paired WITH supply demand and a proper thesis on the WHEN not the IF. if you have to ask IF then you are making the wrong bet. If its just a matter of WHEN, then you have a sound thesis and a proper investment. Now use this in combination with TA to judge buy/entry points and you have yourself a proper investing mix. Perfect example of TA working when the commodity is not, check out the head and shoulders top on $NXE, follow by a reverse head and shoulders completed with a cup and handle. the reverse head and shoulders was a perfect technical indicator that it was about to turn around (which timed perfectly with the upturn in U and Trump election) but the TOP presented sellers an opportunity to take profits regardless of what the spot was doing. This was purely TA. i agree that video with the 10 year stuff is kinda BS. the guy didnt seem to know what he was doing, but there is absolutely something to be said for technicals. Now the true reality lies in the question of when .... not if.
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from #uranium,
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@ocotilloredux @tcu No offence pal but disappear in a hurry.
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