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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 Feb 27, 2015 7:45am
304 Views
Post# 23471082

De-Risking - Basement/Unconformity/Athabasca Sandstone - ???

De-Risking - Basement/Unconformity/Athabasca Sandstone - ???Sometimes it's easy to criticize the statements of analysts, without taking the time to consider the target audience. In this case, it could be potential acquirers many time zones away. i.e. in countries where Canadians teach ESL.

Anyway, the Dundee analyst mentioned a couple of key words, e.g. De-Risking and Unconformity. My point being, those with an interest in knowing the difference can look at the graphical representation of the HUGE advantage of FCU's depositional environment versus those located in the (wrong or less desirable) side of the UNCONFORMITY.

One company already spent ~$2 bln derisking and sanitizing a part of their reserve. The plan to rely on this deposit for 30+ years. My point being, mother nature has the upper hand when it comes controlling water inflows. In RA, how many pounds are at risk? The potential acquirier and/or consumer in doing their own DD c/should be taking a HARD look on the LARGEST BASEMENT HOSTED maiden resource ON THE PLANET.

De-risking as used by the analyst could be referring to said major (aka Hator Hater), AB newcomers (RT-Hator), or CGN, or Indian, or (south) Korean or Japanese, etc where ESL is the norm.

UNCONFORMITY (Basement vs AB Sandstone)

This past week we may have seen some smart money get re-allocated from FCU over to a quickbuck stock (with consolidation potential) and find it's way back again?? FCU still appears to be under "contingency rerouting", where traders (aka highway traffic re-routing analogy) have been slowed down while the six lane highway is being prepared for some ESL traffic.

Recall the PDAC is the largest mining show on the planet. Does the "sales dept" have some "bait" for the traffic anticipated? Maybe maybe not. If not do we have the PATIENCE to wait for the PEA expected in August? Or was RPA "begging" for the PEA contract based on their Canadian talents. Point being, that "beg" could suggest that at the time of publication, the contract for the PEA was not reqired????

BWDIK -

GLTAL-GLAP (patience could be rewarded)

Cheers
Stanley
Bullboard Posts