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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 bridgetonowhereon Apr 16, 2014 1:25pm
247 Views
Post# 22459164

RE:Worry

RE:WorryThe weak spot price, I'd agree,  is depressing the sector and spilling over onto FCU.  What's unclear is whether Japanese utilities have held their uranium inventories since the tsunami or whether they disposed them into the spot market.  Their stockpiles will likely affect the timing of a price recovery but there have been conflicting reports on the subject.  My suspicion is that the Japanese utilities would have held the strategic portion of their reserves and liquidated the remainer into the sport market for cash flow purposes.  - just a guess -
Bullboard Posts