Post by
surething1111 on May 11, 2014 1:33am
Fission's Patterson Lake find has set bar even higher
Fission's recent find at Patterson lake has ensured that moderate to even fair grades at depth won't see the light of day for quite a while. This is especially true for those deposits that currently have no infrastructure in place. The high grade and shallow deposits will have a negative impact on uranium prices as the costs of extraction drop significantly on these type of deposits. As Fission's Patterson lake south deposit is expected to be in excess of 100 million pounds---- some think 125-150 million pounds is possible, this only adds more low cost product into an already weakened market. FDC's redrilling of the Maurice deposit is akin to the beating of a dead horse. It's Paterson Lake excursion now looks dead in the water, as the best targets are always drilled first. Forget about all the "promising alteration zones" , they are simply that...........Uranium carrying fluids might have at one time or other passed thru them. There's a long list of now defunct companies that have published "promising alteration" in their news releases. I still hold out hope that the company will pursue further exploration of their Patterson Lake property..........especially the southern portion. As some might expect, I took another bite of this apple on Friday. This stock is simply too cheap for the potential at Patterson. I may kick myself..........again, but Im in. Best S
Comment by
boomboom2 on May 13, 2014 1:56pm
We seem to be getting some support down here. So I picked up a few myself.