Ende des Jahres steht die heiß erwartete, erste NI 43-101 konforme Ressourcen-Schätzung an, welche den nächsten großen Projektmeilenstein bei Fission Uranium widerspiegeln wird.
Nach Vorlage einer substanzstarken Ressourcen-Schätzung sehen viele eine Übernahme kommen. Doch dies ist nur wahrscheinlich, wenn sich der Uran- und Juniormarkt stabilisiert. Denn teure Übernahmen plus die Finanzierung von neuen Uranminen können sich gerade nur ganz wenig Spieler überhaupt noch leisten. Vor allem wenn quasi alle Uranproduzenten aufgrund der niedrigen Preise de facto draufzahlen.
Zu den aktuellen Firmen-News die jüngsten Statements von Rob Chang, Top-Analyst bei Cantor Fitzgerald Canada:
Fission Uranium | Buy (Speculative) | FCU-TSXV $0.91 | FCUUF-OTCQX US$0.80 | Market Cap C$316M
More world-class assays from PLS
increases Cantor’s resource estimate
Event: Fission Uranium has announced yet another set of world class assay
results from its Patterson Lake South project located in the southwestern
corner of the Athabasca Basin. All 13 drill holes encountered strong
mineralization at shallow depths.
Bottom
line: Positive – PLS continues to
produce high grade uranium assays. Of note is the fact that the latest set of
drill holes extends the R780 zone laterally to the north by 93m and to the
south by about 38m. The expansion of the potential resource envelope further
strengthens our belief that PLS will eventually be a 100M lbs. U3O8
resource at minimum.
·
All 13 holes reported in these assays contain strong
mineralization at a shallow depth
o
The holes were highlighted by PLS14-240 (line 510E),
which reported 24m of 8.53% U3O8 (including a 7.5m
interval of 24.87% U3O8)
o
Other assay highlights:
§ Hole
PLS14-271 (line 510E)
·
Key interval: 24.0m (78.0m to 102.0m) @ 8.53% U3O8
o
Including: 7.5m (83.0m to 90.5m) @ 24.87% U3O8
·
85.5m of total composite mineralization >0.05% U3O8
over a 146.0m section (57.5m to 203.5m)
§ Hole
PLS14-259 (line 840E)
·
Key interval: 38.5m (132.0m to 170.5m) @ 4.21% U3O8
o
Including: 6.0m (143.0m to 149.0m) @ 23.53% U3O8
·
77.5m of total composite mineralization >0.05% U3O8
over a 153.5m section (112.5m to 266.0m)
§ Hole
PLS14-256 (line 330E)
·
Key interval: 39.5m (61.5m to 101.0m) @ 1.76% U3O8
o
Including: 8.0m (73.5m to 81.5m) @ 3.16% U3O8
o
And 3.5m (93.5m to 97.0m) @ 6.22% U3O8
·
84.5m of total composite mineralization >0.05% U3O8
over a 158.0m section (61.5m to 219.5m)
·
The dimensions of R780E have been extended laterally
to the north (by 93m) and south (by 38m) along with increased depth at several
locations throughout the strike length
o
This bodes well for additional upside as some of the
best mineralized areas of the deposit are occurring outside the known
mineralized boundaries.
·
Management notes that assay results from 18 zone
delineation and 22 exploration holes are still pending.
·
As a result, our updated resource estimate has
increased to 76.0M lbs. U3O8, which is up 3.7% from our
prior estimate of 73.3M lbs. U3O8 at an average grade of
0.81% (unchanged).
·
We continue to be confident that Fission Uranium will
ultimately contain a resource of over 100M lbs. and note that by the year’s end
an initial resource for the PLS property will be announced. We expect an
initial resource of between 50M – 70M lbs.
o
Given precedent uranium takeout transactions occurring
at an average in-situ value of $9.28/lb., using a conservative $7.00/lb.
multiple and assuming an ultimate resource of 100M lbs., we arrive at a
$1.83/share valuation, which is 101% higher than FCU’s last close.
§ At
our current resource estimate of 76M lbs. U3O8, the
valuation using a $7.00/lb. multiple is $1.39/share, or 52% above FCU’s last
close.
o
We note that the recent weakness in FCU’s stock price
has the market implying a resource size of between 32 to 70M lbs. depending on
the multiple used (see table below)
·
FCU remains as one of our top picks in the uranium
space.
Quelle: cantor.com
Quelle: http://fissionuranium.com/project/pls/
Quelle: stockwatch.com
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