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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 Nov 22, 2014 12:44pm
711 Views
Post# 23155031

Sale of PLS

Sale of PLS After reading the Dundee report in late September, I am thinking Fission may opt to keep all the other claims not part of the PLS deposit.  There are over 100 conductors not yet drilled and one of them could hold the source of the boulder field. Dundee is convinced there are more PLS type deposits in the area and Nexgen has got some good drill results next door. 
They could make a deal with a buyer for PLS ,cash or shares and carry on to the next discovery on the remaining claims. 
They could adjust the shares outstanding at that time and payout a dividend to existing shareholders, as well as collect the cash from any options taken up. Then start with a lower share count and no options or debts and have drilling cash to limit future dilution.

No point starting over somewhere else when they probably have the best new project under their control. I am sure Dev and the team are not done yet and will carry on with exploration. 

New assays any day now and there are several very good holes in this batch as well.  $2,50 to $3.00 per share possible and more if the spot price keeps moving up. 
Bullboard Posts

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