Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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.

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Fission Uranium Corp

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Post by bridgetonowhereon Nov 15, 2014 1:52pm

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Post# 23132679

Setting the Bar

Even if AaronW's conclusion is correct that the 43-101 at PLS will prove up no more than 15-20M lbs, it doesn't mean that FCU's stock price will tank as some are suggesting. More lbs will be discovered with future drilling and the 43-101 will put a floor price and perhaps a small buy-out multiple into the stock as the project is derisked. 15-20M lbs seems low but it would be a base to start with.

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