The width and grades we have encountered this summer are a reminder of the high quality of mineralization contained within the Triple R deposit, which remains open in multiple directions. These final assays from summer drilling on the R780E zone include a number of very robust intercepts and have the potential to increase the indicated category of a revised resource estimate that will be used for the resource model in our upcoming pre-feasibility study. On the other hand they confirmed that they have satisfactory results to proceed to their pre-feasibility study which is where the real confirmation will take place. The Company expects to release the PFS study in Q4, 2018. The results of the summer 2018 drill program will be included in a new resource estimate that will be used for the upcoming pre-feasibility (“PFS”) study. To that extent, the 9 drill holes intersected width and strength of mineralization where expected and, in some cases, results were greater than expected. The goal of the summer 2018 program was to drill key areas of the R780E zone high-grade that are presently classified as “inferred” and convert them to “indicated”. On the one hand the company announced results that, in some instances, exceeded their expectations: Uranium stocks represented by the URA ETF tend to rise in that timeframe with a +80% probability that December will close higher than it starts trading.Ī bullish Fission Uranium Stock Forecast based on good exploration resultsĪs per their September 25th news update Fission Uranium has better than expected drilling results. The period November till February is typically the strongest period of the year. Moreover, there is seasonal strength coming up. Provided that the mistakes from the past which led to epic catastrophes like the Japanese nuclear disaster of 2011 will be taken into account it might turn out well for the world. It may not feel that way but the world is turning to nuclear power for lower cost and cleaner electricity production. The pattern of energy demand in these countries will become more like that of Europe, North America and Japan. However, in the longer term, the trend to urbanisation in less-developed countries will greatly increase the demand for electricity, and especially that supplied by base-load plants such as nuclear. The world nuclear association announced 30 countries consider nuclear power as an alternative to reduce pollution especially as electricity rates are skyrocketing.ģ0 countries are considering, planning or starting nuclear power programmes, and a further 20 or so countries have at some point expressed an interest. Despite the large number of these emerging countries, they are not expected to contribute very much to the expansion of nuclear capacity in the foreseeable future – the main growth will come in countries where the technology is already well established. Our Fission Uranium stock forecast for 2019 has a bullish bias because of a chart phenomenon on the uranium spot price chart which is highly bullish: a giant rounding bottom.įission Uranium Stock Forecast vs. It goes without saying that the uranium stock market will be driven largely by rising uranium spot prices. We will conclude with a specific Fission Uranium stock forecast 2019 price target based on the chart. Let’s look at our Fission Uranium stock forecast for 2019 based on the uranium market, the uranium spot price, recent drilling results of the company.
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