Fission Uranium Corp T.FCU

TOP NOTCH GRADES PLUS SHALLOW DEPOSIT

[daverhughes]

After seeing the FCU Feasability Study, I wanted to see how the PLS grades stacked up against the Kazatomprom producing mine grades.  The PLS cutoffs are far higher than the Kazatomprom producing grades, which I take as a real positive.  Also the proximity of PLS to the NexGen deposit makes it a nobrainer for one of THE BIGS to take them both out and get a TWOFOR!  As a geologist, my thoughts are that the two deposits are very likely trend deposits and genetically similar or identical!


DRH

[settoretire]

You will need a closer to parity sp for any take over/ buyout to happen, because there is no way any major will pay $6 for Nexgen with Fission sp being so low in comparison. That is if you think they are the same vein/deposit. Makes perfect sense though.

[daverhughes]

Valid point settoretire.  It will be interesting to see the market reaction to NexGens latest attempt to dilute investors equity by selling more shares in order to support the managements luxurious lifestyle.  Maybe the revaluation will make the stock price return to reality and alleviate your concerns.  In the meantime, despite its voluminous float, Fission would seem like a

[HavingFun]

regardles - the share price in FCU "feels" like it is getting ready to pop.

[daverhughes]

Let us pray? DRH

[Greenday]

@ daverhughes - Even a MOU between FCU and NXE would capture some of the synergy between the two companies and advance their share prices.  Hopefully something is done before a major scoops up FCU or NXE for themselves and FCU and NXE shareholders lose the price advance inherent to their synergies.

[daverhughes]

An MOU between FCU and NXE would be imminently sensible.  FCU claims to have broached the concept only to be rejected by NXE.  NXE seems intent in maintaining their lofty levitational perch. DRH

[Greenday]

@ daverhughes - Saskatchewan government and the indigenous stakeholders have publicly stated that they prefer one mill at PLS.  Some posters like Karen308 think that NXE will get an exclusive license from the government to build and operate a mill and that everybody else will be left out in the cold. That's a politically untenable position for the government to take and it's extremely

[Uraniuman308]

there is a thought that FCU will never enter production and at the very least is years behind in development.  Now why would NXE want to open itself up to a potential mess with a partner?  Let's face it, FCU needs NXE, NXE does not need FCU.  JMO  

[Greenday]

@ Karen308 - Never is a long time Karen.  BTW - did you read Irwin's book?  He must be furious that Dev and team have hit again at F3.  So much for the lifestyle narrative.  lol.

[Uraniuman308]

just a more extravagant lifestyle.  How many companies is Ross involved with now?  JMO    

[CanadaBck]

Ya wanna talk about lifestyle? Look at what Curyer and McPherson and all the directors are getting paid at nexgen. According to SEDAR.....it's a whole lot of $'s. Must be a wonderful lifestyle company to be involved in. How come nobody b!tches and complains about that?

[Uraniuman308]

CanadaBck, not sure what world your from but NXE pay has been a MAJOR source of contention among shareholders.  At least NXE has hit developement milestones and is likely to be either taken out or producing this cycle with more options with regards to financing than FCU.  What's FCU timeline?  According to Ross your looking at 2029 which probaly means 2035, LOL.  Factor in

[Uraniuman308]

it will be NXE getting scooped, not FCU.  In case you forget why:   Uranium producers can't bring lbs to market for <$100/lb. Yet spot is $50/Ib... what do you think is going to happen? I am more high conviction on Uranium prices than any other commodity. Buying Uranium equities today is like buying coal equities when thermal coal was at $50/tone in 2020. The difference is

[Greenday]

@ Karen308 - NXE's cost of production - as per your article - is $15/lb.  What's wrong with pushing it down to - say $13/lb - by eliminating redundencies and capturing the synergies it has with FCU?  Do you not understand that when costs go down, profit and share value goes up? I think that you understand that fully but that you're one of those stubborn guys that will cut

[daverhughes]

Uraniuman308, I enjoyed your overall thesis, BUT, you are overlooking synergies enjoyed by companies doing a TWOFOR such as a tandem of NXE and FCU pulling together, rather than separately.  Infrastructure, facilities and mine plans progressing together would in all likelihood drive down capex, enhance mine life, reduce G&A and put large smiles on the faces of regulators and local first