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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 GoldfingerU3O8on Feb 24, 2015 6:16am
247 Views
Post# 23457930

Hathor probably overpaid AND???

Hathor probably overpaid AND???Hathor was sold when one pound Uranium was @ around 50$. With 70 nuclear reactors under construction, Japanese reactors getting restarted, the end of the HEU agreement we are running into a massive Uranium shortage.
FCU will probably be sold in one year from now with much higher Uranium prices than today. Industry experts are expecting prices > 100$ in the next 3 years.
Sooooooo - Hathor does not have any importance. Important is the

* Uranium price when Fission is getting sold
* # of pounds in the ground and don't be surprised if we are talking about more than 200 Mio. pounds
* # pounds in the area - watch out what NXE and others are drilling out. Probably also Fission will find new deposits in this area
* cost to run a nuclear reactor. The cost structure of aa nuclear plant would only be slightly affected if a pound of Uranium would cost more than 200$. The price of Uranium does not play a role for running a nucelar plant but it does play a role if 600 Mio people have no electricity as happended in I.
Bullboard Posts