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 toriddogon Nov 19, 2014 4:44pm

381 Views

Post# 23145459

Re Re Re Cameco suitor for FCU

I would be very happy to see a share deal with Cameco. 10 to 1 is about $2.00 per share for FCU. I think an offer for around 7 to 8 to 1 would likely be accepted by most shareholders. Now if the 43-101 ends up over 150 million pounds then maybe not.
Cameco is a stock that can be a long term hold as they will be very profitable if the U308 price goes up enough that other mines around the world start to reopen.
News release today pumping an increased deposit. The ore is .02% , I don't think there is a section in the mineralization on any FCU drill hole that low . It is hard to find a section under .05%

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