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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
Post by toriddogon Nov 22, 2014 12:44pm
713 Views
Post# 23155031

Sale of PLS

Sale of PLS After reading the Dundee report in late September, I am thinking Fission may opt to keep all the other claims not part of the PLS deposit.  There are over 100 conductors not yet drilled and one of them could hold the source of the boulder field. Dundee is convinced there are more PLS type deposits in the area and Nexgen has got some good drill results next door. 
They could make a deal with a buyer for PLS ,cash or shares and carry on to the next discovery on the remaining claims. 
They could adjust the shares outstanding at that time and payout a dividend to existing shareholders, as well as collect the cash from any options taken up. Then start with a lower share count and no options or debts and have drilling cash to limit future dilution.

No point starting over somewhere else when they probably have the best new project under their control. I am sure Dev and the team are not done yet and will carry on with exploration. 

New assays any day now and there are several very good holes in this batch as well.  $2,50 to $3.00 per share possible and more if the spot price keeps moving up. 
Bullboard Posts