Fission Energy's (TSXV:FIS) Corporate Video Discussing Company's Canadian Uranium Projects and Future Demand for Nuclear Power is Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, November 10, 2011 - Fission Energy (TSXV:FIS) has
produced a new corporate video which discusses the company's Canadian Uranium
Projects and the future world demand for nuclear power.
This video is hosted on www.InvestmentPitch.com.
If this link is not enabled, please visitwww.InvestmentPitch.com and enter
"Fission" in the search box.
Montreal-based Versant Partners recently issued an update on Fission Energy
(TSXV:FIS). Analyst Rob Chang maintained his speculative buy recommendation, but
increased his price target to $1.60, based on the bidding war between Cameco and
Rio Tinto for Hathor Exploration, which is Fission Energy's neighbour in the
Athabasca Basin. This target would be a double, based on today's price of $0.78
per share. A video based on this report, along with video interviews of Versant
Partners' Rob Chang and Dundee Capital's Dave Talbot are also available on
www.investmentpitch.com
Fission's main focus is its Waterbury Lake Property in the eastern portion of
Saskatchewan's Athabaska Basin, home to the richest uranium deposits in the
world. The camp surrounding Hathor and Fission is home to over 110 million
pounds of U3O8.
Due to the bidding war between Cameco and Rio Tinto for Hathor Exploration,
Chang believes Fission Energy could be the next in-line to be acquired due to
the proximity of Fission's J-zone and J-Zone East to Hathor's Roughrider zone,
as well as because of the quality of the deposits themselves. Fission's J-Zone
East is located right at the Fission/Hathor border and is only 30 metres east of
the J-Zone.
Cameco's dominant position in the Athabasca Basin provides it with synergy
opportunities that will enable a higher bid for Hathor Exploration and
ultimately, Fission Energy.
Although Fission Energy's primary asset, Waterbury Lake, currently does not have
a 43-101 compliant resource, management expects the first resource estimate for
the J-Zone to be completed before the end of 2011. Based on reported drill data,
Chang estimates that its maiden resource will be around 388,416 tonnes with
17.98 million pounds of contained U3O8 at a grade of 2.1%.
However, the company's Dieter Lake property in Quebec does have a 43-101
compliant resource, which contains 24 million pounds of U3O8 at a grade of
0.057%. Chang believes that Dieter Lake contributes $0.22 per share in value to
Fission Energy, based on a global average of $1.50 per pound for uranium, for
exploration companies.
Of the company's 14 listed projects, Versant was only able to comfortably
quantify the J-Zone within Waterbury Lake and the Dieter Lake project. This
ignores the significant upside from the other targets at Waterbury Lake as well
as the land package in the Macusani Plateau in Peru.
As we mentioned, the shares are trading at $0.78, and with 99.6 million
outstanding, the company is capitalized at approximately $78 million, and is
sitting on $18 million in cash.
For a more information on Fission Energy, including copies of recent buy
recommendations, please visit Fission's website at www.fission-energy.com, phone
Bob Hemmerling at 877-868-8140 or email info(at)fission-energy.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 10.11.2011 - 22:30 Uhr
Sprache: Deutsch
News-ID 86840
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