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.

TSX:FCU - Post by User

Fission Uranium Corp

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Comment by bridgetonowhereon Jul 05, 2013 11:30pm

187 Views

Post# 21592102

RE:$1.40

RJ's $1.40 target is based on $7/lb and 60M lbs, both of which are argueably very conservative estimates. The other part of the takeaway from their report is perhaps the ease with which their $1.40 target can be reached. At the current price of .70+ the stock has no speculation premium built in. That to me is the green light to buy heavy as the downside risk is backed up with tangible assets and not fleeting promotional hype.

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