Post by
infocounts on Aug 15, 2013 2:29pm
200M pounds potential - Cantor Fitzgerald
As quoted by IIN: "Rob Chang, research analyst at Cantor Fitzgerald, told clients in a research note that the firm sees the the current back of the envelope resource estimate for the project to be at 36.2 million pounds (lbs) of U3O8 at an average grade of 1.60%. This assessment takes into account just the R00E and R390E zones. Overall Cantor Fitzgerald believes that the Patterson Lake South project has the potential to contain closer to 200 million lbs of U3O8 from the original 100 million lbs summation." Link: https://uraniuminvestingnews.com/15575/project-update-alpha-minerals-and-fission-uranium-discover-fourth-zone-at-patterson-lake.html
Comment by
Horta on Aug 15, 2013 2:49pm
They are going to need a lot of drill rigs for the winter program to get to 200M lbs before the inevitable takeover comes.