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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 shawkon Feb 12, 2015 8:19am
278 Views
Post# 23421182

Analyst

Analyst
Globe's Vox bullish on Fission Uranium

Ticker Symbol: C:FCU

Globe's Vox bullish on Fission Uranium

Fission Uranium Corp (C:FCU)
Shares Issued 365,943,472
Last Close 2/11/2015 $1.16
Thursday February 12 2015 - In the News

The Globe and Mail reports in its Thursday edition that Fission Uranium, according to Raymond James analyst David Sadowski, has "the world's largest, high-grade, preproduction uranium asset." The Globe's David Milstead writes in the Vox column that it is inaccurate to call the revenue-less Fission a miner, since all it is doing is drilling and conducting studies to verify what, exactly, it has its hands on. Mr. Milstead says although the shares are up nearly 40 per cent this year, there is plenty of room for further gains, particularly if a major uranium company takes a shine to Fission's future. On Jan. 9, Fission delivered its initial estimate of the uranium resources at the deposit. Analysts were expecting the number to come in at 50 million to 80 million pounds. Instead, the estimate (from an independent firm) was 105 million pounds, also with higher grades than expected. Dundee analyst David Talbot says Fission's project now ranks third in size in the Athabasca basin. The eight analysts who cover the stock, who all have "buy" ratings, have an average target price of $2.31, implying nearly 100-per-cent upside. The Globe says analysts expect a major player to buy the company.

© 2015 Canjex Publishing Ltd.

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