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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 Feb 13, 2015 8:01am
433 Views
Post# 23425646

FUU deal

FUU dealThe deal is less than 1% of FCU. I am convinced that when FCU is sold all claims not part of the main deposit will be spun out to FUU rather than have the cost and time to set up a new company for the FCU team to continue exploration. 
A one cent decline in the FCU stock price costs you more than this deal ,so why worry about it.  If this happens sell all the FUU shares you get as compensation for the claims transfer. You will probably get a nice profit with little risk.
I doubt very many will be buying shares before they hit a good hole unless they like to gamble. NXE is a better bet outside of FCU. 
The thing we all should be concerned about is FCU being sold below what it is worth. 
Bullboard Posts