Positive results continue to roll in at PLS, the 50/50 joint venture owned by Fission Uranium and Alpha Minerals.

Read: Alpha Minerals JV Confirms Significant Mineralization With Strong "Off-Scale" Radioactivity at R945E Zone At PLS Project.

The market appears to have been expecting success. Shares in both Fission and Alpha were effectively flat at press time.

Readers will remember Fission is in the process of taking over Alpha. Both companies announced last Friday that they would need more time to complete their LOI. We hear there are no problems with the proposed transaction, it is merely a tedious activity. An agreement is scheduled to be reached by tomorrow afternoon.

After an incredible run over the past 10 months, momentum at PLS has slowed, as early investors take liquidity and the next chapter for the deposit begins.

Industry insiders say some 1000 holes should be drilled along the deposit's potential 1100 meter strike length. If similar mineralization occurs all the way along strike, PLS will be one of the largest and most valuable uranium deposits in the world. That could take a couple of years.

Here's the 12 month AMW chart:

amw sept 16

(Stockwatch)

Do your own due diligence.