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« French energy minister wants new nuclear reactors | Main | Jim Rickards on Europe and the US economy »
Monday
Jan122015

Fission Uranium’s monster resource estimate rekindles takeover chatter

Chart courtesy of u308.biz
  • Fission Uranium's (OTCQX:FCUUF) "truly phenomenal" resource estimate for its PLS deposit has rekindled takeover speculation about the company, and CEO Dev Randhawa says investment bankers already have set up a data room for potential bidders.
  • Fission said late Friday the deposit contains an estimated 105.5M lbs. of uranium resources, with more than half of the resource comprised of a high-grade zone that could potentially be mined at very low costs; the discovery is smaller than Saskatchewan's McArthur River and Cigar Lake mines, analysts say it compares favorably to everything else in the province.

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