FCU-V Is PLS on the block?
I was curious when a news release heralding the latest video from Fission Uranium hit my inbox. Fission, of course, has been drilling the Patterson Lake South uranium property for the last 18 months. The company reports success after success as it tests high grade mineralization over a strike length of at least 2 km on the western edge of the Athabasca Basin.
So I clicked the link to see what the fuss was about. The video is a beautiful piece that tells the story of Fission's wondrous accomplishment at PLS. The narration is provided by the company's leaders in short, easy to understand segments. The gentlemen are casually dressed, knowledgeable and earnest. The production is professional – long shots of drilling from barges at the site, people interacting with each other, and brief captioning to reinforce the most important points. The video is highly watchable, and I recommend it.
I listened to the story and learned that a large, near surface uranium deposit has been outlined. I learned about the excellent regulatory environment that greatly improves the chances that an economic mine will be developed. I learned how loyal are the shareholders of Fission. I was reminded that the deposit lies near surface, and it would not necessarily take a uranium company to mine it. The pitch was made that any miner with expertise in large open pit operation could succeed at PLS.
Then I listened to Fission chairman and CEO Dev Randhawa explain how prepared his company is to talk with prospective buyers of the project.
After being lulled along for an entertaining four minutes, his comments made this writer sit up and shake her head. They were made in a low key manner, but worthy of noting, nonetheless.
Is this the first move in trying to sell the PLS project? Considering what is in the video, my answer is "yes." Or perhaps Fission would be happy to partner-up with a major mining company. Time will tell.
Imagine the cost of developing a world-class uranium mine at PLS – one billion? 10 billion? Perhaps the need to raise that kind of capital has Fission thinking it can't go it alone.
By: Marilyn Scales Sept 16, '14 |
