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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
Comment by Trips333on Jun 09, 2017 6:12pm
271 Views
Post# 26347547

RE:RE:Uranium1's cash cost/lb down to $9

RE:RE:Uranium1's cash cost/lb down to $9Well, according to Rick Rule and the CEO's of SYH, FCU, AL and GXU at whatever that mining conference in Vancouver was the other day, average costs are $60/lb, and the current price is just over $20/lb. Prices seem irrational to me and will eventually go up. Kazakhstan has that trading arm in Switzerland that's going to be up and running in Q3 and since they are going public in 2018, they are going to want prices to increase for a nice balance sheet I would imagine. I have also read that apparently the law there is that as soon as uranium is out of the ground they have to sell it right away, so they are hitting the spot, thereby depressing prices. With this trading arm, they'll no longer have to do that. I'm all in as of today with all my uranium stocks, waiting for lift off.
Bullboard Posts