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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 conscience1on Oct 01, 2014 12:00pm
233 Views
Post# 22986878

RE:RE:RE:RE:Cash

RE:RE:RE:RE:Cash
Yeah, but to emphasize::

At essentially $1/sh, buying FCU appears like a no brainer. The stock hasn’t been at this level since Jan/14. The company has added potentially 40 MM lbs by our estimate, started contemplating mining scenarios, and significantly de-risked the project since then. FCU trades at an implied EV/lb of $4.16 (using our mineral inventory estimate of 80 MM lbs) vs. precedent average of $3.80/lb worldwide and >$10/lb for Athabasca deals.
Read more at https://www.stockhouse.com/companies/bullboard/v.fcu/fission-uranium-corp#1XyjYpluYs3fsJiH.99
Bullboard Posts