I attended the Cambridge conference over the weekend and spoke a couple of analysts re FIS.

Both David Talbot and Rob Chang think there's money on table based in FIS current share price.

FIS Valuation:

Denison Shares .56 per share

Patterson Lake South .29 per share(based on EV of Alpha)

Cash .11 per share

TOTAL .96 per share (approx 20-22% upside based in this)

 

NewCo Valuation:

PLS .29 per share

cash .11 per share

Total: .40

Brent Cook spoke briefly about it and said PLS has potential to be something significant, however still fairly early.

If the SP drops it might be a good opportunity to start building a position.

yvr