New Malcolm Shaw article at Seeking Alpha Patterson Lake Asset Consolidation: Fission Aims For Fusion With Alpha
"To summarize, I believe the market is discounting a potential PLS resource somewhere in the 40-50 million pound range today. I prefer not to speculate on the ultimate size of the resource at Patterson Lake, but with mineralization now proven at four "zones" spread over a distance of greater than 1,000 meters of strike length (within a shear zone that appears to have significant lateral continuity), investors may have enough information to start making their own inferences. As a reminder, the bulk of Hathor's 57 million pound resource was contained along roughly 350 meters of strike length. That is not to say that there is a linear relationship between strike length and ultimate resource size, but I think it is a useful data point to consider.
"The only way to define the PLS resource more definitively is through expansion and infill drilling, which is something I would expect Fission to continue to aggressively pursue. Once again, I will remind investors that the only way to definitively "know" a resource's size is to wait for a NI 43-101 compliant resource assessment by a re*****ble independent consulting firm. In the meantime, investors should remember that at this stage all estimates of resource potential that are circulating out there should be viewed only as informed speculations based on drill data and comparisons with known analogues. I highly encourage readers to consult with investment and/or industry professionals as necessary in order to form their own opinions on the potential of the PLS project, which should include the evaluation of drill data from the ongoing program as it becomes available.
"The summer drill program at Patterson Lake continues, and should run into October, weather permitting. I would expect assays to continue to trickle in well into Q4."
Link to full article: https://seekingalpha.com/article/1674432-patterson-lake-asset-consolidation-fission-aims-for-fusion-with-alpha