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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (18476)	5/19/2016 8:32:56 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Fission Uranium (FCU-T) - BMO Nesbitt Burns analyst Alexander Pearce says Fission Uranium is his preferred exploration play. Mr. Pearce, citing expansion potential, says he has "greater" confidence in Fission's resources and "attractive" valuation metrics. Mr. Pearce commenced new coverage on the stock with an "outperform" rating. Mr. Pearce did not set a target price for the stock. Analysts on average target the shares at $1.73. Mr. Pearce says, "In our view, the company could be attractive for M&A by an established player." Mr. Pearce estimates the company has a net present value (NPV) of 75 cents. He claims near-term earnings are "immaterial" given its status as an exploration play. However, according to Mr. Pearce's estimates, he believes it is fully financed for the next two to three years of drilling and technical analysis based on its cash balance of $77-million. He says near-term catalysts for the stock include an updated resource estimate and technical study in the middle of 2017.