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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (5693)	3/10/2014 7:53:04 PM
From: Goose94	Read Replies (2) of 203020

Raymond James on Fission Uranium (FCU-V) Canadian Equity Research - Mar-10-14 Another Barnburner Underscores World Class System at PLS David Sadowski ___________________________________ Event This morning, Fission released preliminary scintillometer results from four holes drilled at 100%-owned Patterson Lake South in northern Saskatchewan. Recommendation The results further corroborate the strength and potential scope of the mineralizing system at PLS, underlining significant exploration upside that is not being reflected at current share price levels. Given the project's exceptional scarcity value and world-class grades at open-pittable depths, we view takeout potential as high. Analysis Another Monster Hole. All four holes cut mineralization and all 40 holes drilled this winter have hit uranium. Today's best hole is 164, drilled on line 810E, which returned 30.1 m of off-scale mineralization - the second highest accumulation of off-scale yet observed at the project and second only to hole 129 (from six weeks ago) - and total composite mineralization of 136.0 m, starting at 83.5 m core depth. We believe the hole will end up assaying at nearly similar levels to hole 129 (yielded 116.5 m grading 8.52% - in our view, the best hole ever drilled in the industry). System Carrying High-grade Over Big Extent. This is the furthest east a hole of this magnitude has been cut at the project (210 m E of hole 129). The top 10 holes at PLS now span a 780 E-W strike - ~200 m greater than Rio Tinto's Roughrider - and 100 m of vertical extent: a testament to the world-class strength of the mineralizing system.

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