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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Post by bridgetonowhereon Oct 02, 2014 5:31pm

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Post# 22993333

USD Cuts Both Ways

Plenty of rationale for USD strength to explain the weakness in the commodities complex but Canadian company earnings could surprise to the upside because of it. CCO's revenue from uranium is in USD but it's expenses are mainly in CAD, so if the higher gross margin from that relationship isn't hedged away with a derivative, the EPS should increase. Couple that with the higher spot price that appears to be holding and the case for sustained severely depressed stock prices isn't so strong.

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