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FORUM URANIUM CORP V.FDC

"Forum Uranium Corp is a Canadian-based mineral resource company focused on exploring and developing uranium projects in Saskatchewan’s Athabasca Basin. It is engaged in the acquisition and exploration of uranium projects. Its projects include Fir Island, Henday Lake, Highrock Lake, Karpinka, Key Lake Road, Maurice Point, North West Athabasca, Clearwater, Costigan Lake, Orchid Lake, Agnico Eagle, North Thelon, Tanqueray and Ukaliq."


TSXV:FDC - Post by User

Post by surething1111on May 11, 2014 1:33am
352 Views
Post# 22548297

Fission's Patterson Lake find has set bar even higher

Fission's Patterson Lake find has set bar even higherFission's recent find at Patterson lake has ensured that moderate to even fair grades at depth won't see the light of day for quite a while. This is especially true for those deposits that currently have no infrastructure in place. The high grade and shallow deposits will have a negative impact on uranium prices as the costs of extraction drop significantly on these type of deposits. As Fission's Patterson lake south deposit is expected to be in excess of 100 million pounds---- some think 125-150 million pounds is possible, this only adds more low cost product into an already weakened market. FDC's redrilling of the Maurice deposit is akin to the beating of a dead horse. It's Paterson Lake excursion now looks dead in the water, as the best targets are always drilled first. Forget about all the "promising alteration zones" , they are simply that...........Uranium carrying fluids might have at one time or other passed thru them. There's a long list of now defunct companies that have published "promising alteration" in their news releases. I still hold out hope that the company will pursue further exploration of their Patterson Lake property..........especially the southern portion. As some might expect, I took another bite of this apple on Friday. This stock is simply too cheap for the potential at Patterson. I may kick myself..........again, but Im in. Best S
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