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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 stanleyon Jan 26, 2015 7:51am
444 Views
Post# 23362477

Cameco & the CRA wrt a POSSIBLE Fission Bid

Cameco & the CRA wrt a POSSIBLE Fission BidDemoz:

In-fill drilling as (possibly) directed by RPA of other firm continue to have excellent results. Note the references to basement hosted.  In mining (especially unpredictable) water inflow is the kiss of death) to a mining company's stock PPS. Again this point was stressed by Brent Cook in a recent BNN interview. 

I continue to believe that payment of any back taxes assessed by the CRA c/would be negotiated for payment over any number of years. Point being, Cameco's CRA liability MAY not be as onerous (lump sump repayment) as being characterized here recently.

WRT Cameco and the CRA and a POSSIBLE bid for Fission. IMHO, when all is said and done, it could be possible that besides community service, Cameco MAY be able to negotiate a settlement based on annual payments - spread over a number of years. Especially as the Fed's (low oil) deficit will need other commodities to step up to the plate to cushion the impact. The Fed's need companies like Cameco to JV with Canadian junior(s) like Fission and minority interest international players in order to keep control of this strategic resource.

Speaking about oil...as also posted on this board, while nuclear reactors don't use oil products to produce energy there appears to be a correlation of negative (low) oil prices impacting fission.

FWIW

Cheers
Stanley


Bullboard Posts