"Again, it does own 100% of Patterson Lake. I expect Fission to take that project through to an NI 43-101 resource estimate so that investors can have a formal idea of what the resource size is, because there are a lot of numbers being tossed around by the market. Ultimately, in terms of buyers, it's a relatively select club of companies that would make an acquisition like that, but any time you have a deposit with this kind of grade at that depth you're talking about a best-in-class deposit, and those tend not to stay in the hands of juniors."
"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."