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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
Post by hedgestaron Aug 02, 2013 8:39am
556 Views
Post# 21645885

Paladin - how NOT to do it....

Paladin - how NOT to do it....
Paladin, a miner of 8m lbs of uranium per year, is in serious trouble.  A high cost, low grade mine with management that decided to "bet the ranch" on rising uranium prices + leverage (debt) and it went the wrong way.....   They have announced a rights issue but I am not convinced they will get this away.  Even if they do analysts think they will still run out of cash without a sharp recovery in the uranium price.

Sell Paladin (bad management, high cost, no takeout potential, too much debt)

Buy Fission (good management, low cost, takeout potential, no debt).













Bullboard Posts