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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the Triple R deposit, high-grade and near-surface uranium deposit that occurs within 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises approximately 17 contiguous claims totaling approximately 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin, notable for hosting the highest-grade uranium deposits and operating mines in the world. The Company also has the West Cluff property comprising three claims totaling 11,148-hectares in the western Athabasca Basin region of northern Saskatchewan.


TSX:FCU - Post by User

Bullboard Posts
Post by toriddogon Jul 16, 2014 8:42am
340 Views
Post# 22749855

Re Reserves estimation

Re Reserves estimationwww.corebox.net provides a very good visual of the Hathor deposit as compared to PLS .  The difference in drilling to define the deposit is also shown very clearly. 
FCU is still early stage but the visual gives me total compfort that PLS deposit is very large , shallow and will probably get much larger as drilling continues.
The current stock price does not reflect the value of PLS and it probably will require some positive  pricing news in the overall uranium sector for this to happen. 
Stay long, just a matter of time for the commodity to recover as they always do. Low prices end up with supply shortages eventually. This cycle applies to all commodities and U308 is no different. 

Bullboard Posts

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