Analyst
Globe's Vox bullish on Fission Uranium Ticker Symbol: C:FCU
Globe's Vox bullish on Fission Uranium
Fission Uranium Corp (C:FCU)
Shares Issued 365,943,472
Last Close 2/11/2015 $1.16
Thursday February 12 2015 - In the News
The Globe and Mail reports in its Thursday edition that Fission Uranium, according to Raymond James analyst David Sadowski, has "the world's largest, high-grade, preproduction uranium asset." The Globe's David Milstead writes in the Vox column that it is inaccurate to call the revenue-less Fission a miner, since all it is doing is drilling and conducting studies to verify what, exactly, it has its hands on. Mr. Milstead says although the shares are up nearly 40 per cent this year, there is plenty of room for further gains, particularly if a major uranium company takes a shine to Fission's future. On Jan. 9, Fission delivered its initial estimate of the uranium resources at the deposit. Analysts were expecting the number to come in at 50 million to 80 million pounds. Instead, the estimate (from an independent firm) was 105 million pounds, also with higher grades than expected. Dundee analyst David Talbot says Fission's project now ranks third in size in the Athabasca basin. The eight analysts who cover the stock, who all have "buy" ratings, have an average target price of $2.31, implying nearly 100-per-cent upside. The Globe says analysts expect a major player to buy the company.
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