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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 LinkLeisureon Feb 18, 2019 1:18pm
94 Views
Post# 29379328

RE:RE:RE:RE:RE:What's The PFS Worth?

RE:RE:RE:RE:RE:What's The PFS Worth?Yep, thanks for clarifying - (I have a number of people on ignore, so didn't see anyone respond about $14).

I keep mentioning how I think FCU should market the OPEN PIT pounds and cost and not worry about the underground pounds so much at moment.  Ever since NXE came up with significantly more pounds, that "pound competition" became a lot less meaningful to FCU.  I know it still has a huge affect on NPV in terms of being over a Billion, etc... BUT, the open pit cost is mind-boggling good- any miner could just concentrate on that to start, even for a decade (especially with all the more shallow pounds to be found) and defer the underground mining that costs $20/pound till way later when Spot and Future prices have exploded.

Anyone can still make money pulling U out at $2/pound OPEX, especially if you share infastructure and mill costs with NXE - even with $30 spot price....

And Yes - as Juru mentioned, the infill drilling came back with some results that were spectacular - even though they knew they would be good since it was at 780E high grade core, the numbers were mind-boggling.  So good that the winter 2018 drill hole with 80+ meters of high grade U was the BEST MINING DRILL WHOLE IN ENTIRE WORLD OVER EVERY COMMODITY FOR 2018.  Imagine that.  Oh, and I confirmed that FCU also had a drill hole in summer 2018 that was highly ranked, and is the SECOND HIGHEST RANKED DRILL HOLE FOR ENTIRE 2018 YEAR, IN WORLD, ACROSS EVERY COMMODITY (gold, platinum, lithium, copper, WHATEVER) - but the company that ranks drill holes only lists one per company.  NXE on the same conductor had the 2nd or 3rd best ranked hole in 2018 also......

The result from that kind of spectacular drill results (how can any investor or explorer ASK for better than that?) - NOTHING - CRICKETS  Market unaware, uninterested, don't understand, doesn't car, or just plain waiting......weird investing world these days - different times.......
Bullboard Posts