Fission Uranium Corp T.FCU

More cannon fodder for Dev.....

[teevee]

NexGen Energy Ltd (NXE/TSXV, $0.76) Buy (Speculative): Target N/A Record final summer drill assay; our resource estimate increases to 174M lbs U3O8 Rob Chang [phone], Michael Wichterle [phone] EVENT NexGen Energy has completed the assay results from its summer 2015 exploration program with a record setting hole that is among the best ever reported in the world. BOTTOM LINE Positive – With the complete set of summer drill assays, we are increasing our resource estimate for Arrow to 173.5M lbs U3O8. We reiterate our Buy (Speculative) rating and continue to see NexGen Energy as our top pick in the uranium space. FOCUS POINTS Resource increase – We now estimate that Arrow contains 173.5M lbs U3O8 at an average grade of 0.73%. On a gold-equivalent basis Arrow contains 5.7M oz. at an average grade of 16 g/t Au. Market implied resource is low – Using an average Athabasca peer group market capitalization/lb. multiple, the market is implying a resource size of 98.7 M lbs. Maiden resource coming soon – A maiden NI43-101 compliant resource estimate for the Arrow zone is expected in H1/16. Fully funded – NexGen Energy currently has about $34.0M in treasury and is well funded. A $12M, six-drill, 30,000m winter program is underway looking to delineate the higher grade A2 sub-zone, test the A2 and A3 shears to the southwest, test for mineralization at the unconformity, step out along the 9km strike at Arrow and drill test the highly prospective Bow target. Click here for the research update https://www.cantorcanada.com/pdfFiles/20160119NXE.pdf Worth while looking at Chang's assumptions. If he moved to weighted average grades, his numbers would be up with mine;-).......