Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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.

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Fission Uranium Corp

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Comment by MiningMonsteron Feb 06, 2012 4:18pm

422 Views

Post# 19496610

RE: RE: RE: 2$-3$ price?

Phicah,

Respectfully I believe the takeout bid will occur alot sooner than some think. In order to develop an open pit operation at Roughrider, Rio will absolutely need to own the FIS property. How far down the planning stage will they go, and how long are they willing to watch the drills turn on FIS property before they make an offer, seems to me they will be taking a lot of risk by waiting it out.

Good luck all, think we could make nice returns on this one.

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