RE:RE:RE:RE:RE:RE:What do we have ????This is what Malcolm Shaw had to say:
Based on the above and general industry rule-of-thumb, I think that one could argue values of anywhere from $6 per pound to $10 for high-grade Athabasca pounds. I've split the difference and will use $8/pound for this exercise. At Fission's current market cap of C$350 million, 350/8 = 44 million pounds. In my view, that's the over/under number in the market. I can't say that I've done the work to go through the results hole by hole to be able to make my own guess at the initial 43-101 resource estimate and the first estimate is usually just a starting point. In any case, I'll be watching closely and I'm sure I'm not the only one. At the end of the day, when I consider the grade-depth characteristics of PLS, I believe that it's almost inevitable that Fission will eventually be bought by a larger player. As always, time will tell.