Rob Chang Pounds RangeHi Guys,
I know the analysts have been quiet on estimates as almost all of them are on blackout until the merger. Many have read this I am sure, or maybe posted, not I haven't read all of them. For those that would like to look at the possibilities here, who are new, this is his statement from last week.
Rob Chang, Cantor Fitzgerald (11/4/13) "Fission Uranium Corp. and joint venture (JV) partner Alpha Minerals Inc. have announced the discovery of a sixth mineralized zone at Patterson Lake South (PLS). . .while a great deal of positive news flow has come from the PLS JV over the past few months we believe the market is significantly undervaluing the project. . .with more assays coming that would certainly increase our estimate and the knowledge that the large intercepts in each zone would not abruptly turn to zero in step-out drilling, we believe there is tremendous upside potential to the tune of between 100–250 Mlb U3O8."
I have some modelling software and was going to post some estimates but wanted to wait until some more assays came in, as there are many still to report.
I believe he is giving a speculation upside range here obviously, but he knows that with the long intercepts and the formation of the pods and layout, so much more can be found. There are so many good targets to expore, and that's why such a huge range. Some of these guys like to give the range of expectations, while others give just the modelled amount first with the immediate upside.
As posted yesterday, so more speculation upside, to this deposit. In December you will see reports will estimated pounds drilled by several of these guys.
Cheers
Presclubs.