"We've always felt that Fission is a potential takeover target. Given its grades and shallow depth, Patterson Lake South has potential to become an economic deposit, capable of supporting not only construction of a mill. But, also, perhaps even more attractive is that this near-surface deposit may require relatively smaller upfront capital and could provide feed to an existing mill and be run at irregular intervals, essentially delivering high-value material over great distances when it's necessary. So we believe that Patterson Lake South and Fission, for that matter, make sense as a target for anybody that wants to set up shop in what is the underexplored western side of the Athabasca Basin."
"Fission just released its first round of preliminary results from its 30,000 meter 2014 drill program, which were excellent. The news flow will keep going until March or April 2014, when the winter program ends, but we should still be seeing assays for another two months following that. Some of Fission's zones of U3O8 mineralization are technically amenable to open-pit mining at a pretty decent grade—well over 1%. Saskatchewan is a very good geopolitical jurisdiction. Fission will, in our opinion, require further derisking in the form of a maiden resource estimate leading to a scoping study to attract any significant M&A bids."
"Fission and Alpha are currently in the midst of an 11km, $6.95M drill program. So far the results have been spectacular. Three main zones of mineralization have already been identified within a strike length of about 800 meters (800m). The first few holes from this program have been some of the best to date, and the potential resource appears to be expanding quickly with additional drilling. The main PLS conductor corridor runs for about 2km, giving the project a lot of immediate potential upside. This is significant, as uranium deposits in the Athabasca are usually confined to small areas. The Roughrider deposit, for instance, was largely contained within a 350m area. The discovery is both high grade and near surface, and has resource upside. This is music to the market's ears, as well as to majors and other potential acquirers."