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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 May 06, 2015 12:03pm
244 Views
Post# 23699898

NXE vs FCU pounds

NXE vs FCU poundsI have tracked drill/assay reports for both companies for the PLS area. Assays amost always are better than scint reports from drilling. If you put reports side by side knowing that FCU has 100 million lbs up to the 43-101 , there is no way NXE has anywhere near that based on drill reports to date. My main concern with NXE is the shape of the deposit and the cost of mining it. It is not likely it will expand on the surface as there are dudholes all around the holes with uranium. So any expansion will be away from arrow or by going deeper and the high grade is already very deep. My observation is that if FCU is $1.14 no way NXE should be .55. There is a big differnce in number of shares but in my opinion FCU is the bargain .
Bullboard Posts