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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 Realstoneon Feb 27, 2014 9:43am
264 Views
Post# 22258009

RE:RE:Offer for FCU later this year

RE:RE:Offer for FCU later this year
We don't want that, IMO.  I said before that the reason AMW and FCU go down in price on good news is that the spot price of U3O8 is depressed; not worth mining at the price, so there is this glass ceiling that prevents FCU from rising to it's proper level.  What (I think) we want to see is the price of U3O8 to go up to at least $42/lb before any buyout talks occur.  It would truly such to see a DML or a CCO buy us out at today's price + 20%, and then only realize a 150% gain two years down the line when we could realize a 3x - 5x gain in one year if Dev hangs on until the price of uranium rises. 

But I'm singing to the choir  :)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities