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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 Mar 10, 2016 8:51am
346 Views
Post# 24642574

Re Cash Burn

Re Cash BurnThe Chinese have solved to cash issue and as long as Ross finds a bunch more uranium than it costs to drill, no problem. The new 43-101 update will look very good and put us in a much better spot than the very deep inferred NXE arrow deposit. They have to spend the cash for drilling to get to where FCU is now. The other big difference is FCU can drill probably 4 holes for the price of one at Arrow. This big difference will show up in share prices before long.Party is over at NXE the same as it ended here last year.The rules will eventually be changed to stop traders from sucking the life out of explorers. Very simple just make them hold shares for a minimum time say two weeks or pay taxes.
Bullboard Posts