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Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based uranium company and the owner/developer of the high-grade, near-surface Triple R uranium deposit. The Company is the 100% owner of the Patterson Lake South uranium property. Its Patterson Lake South (PLS) project, which hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit that occurs within a 3.18 kilometers (km) mineralized trend along the Patterson Lake Conductive Corridor. The property comprises over 17 contiguous claims totaling 31,039 hectares and is located geographically in the south-west margin of Saskatchewan’s Athabasca Basin. Additionally, the Company has the West Cluff property comprising three claims totaling approximately 11,148-hectares and the La Rocque property comprising two claims totaling over 959 hectares in the western Athabasca Basin region of northern Saskatchewan. The La Rocque property is prospective for high-grade uranium and is located five km south of Cameco’s La Rocque Uranium Zone.


TSX:FCU - Post by User

Bullboard Posts
Comment by MiningMonsteron Jan 24, 2012 9:34am
409 Views
Post# 19441023

RE: RE: Risk vs Reward

RE: RE: Risk vs Reward

Yes Blue if you want to split hairs, their portion of the winter work program works out to approximately 3.5 cents per share in cash.  It is not appropriate to take a company who just conducted a financing and mark their cash balance as zero as you would have us do.  They are not spending a lot and will be doing a lot of definition drilling.  You can't just discount the entire cash balance to zero as the bears would prefer.  Good luck!

Bullboard Posts