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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 bluesky1on Jul 28, 2015 12:59pm
206 Views
Post# 23967803

Well after all it might not be so bad…

Well after all it might not be so bad…We are in the same situation as Komet Resources a junior gold mining company.  Both FCU and KMT have great management, great resources and need more money for exploration to increase their value.  With the agreement with Denison, now both share the same vision:  “Discovering by Producing…” 

Drilling is expensive, if we can produce and invest that money in exploration, there is no further dilution of the SP.  We have a lot more drilling to do to get the full potential of FCU.   Initially, I was not too happy with that agreement with DNN.  Now I think it is a smart move.  Of course it seems to dilute the SP (do not forget that we also get half of DNN) but the real dilution would have been through several rounds of financing to raise money for drilling.  These days, financing is not an easy task and sometimes we have to give a lot more of the company.  In addition, with DNN we get a team to proceed with production of FCU resources whenever a new mill is ready which could increase the value furthermore.  We all know production is not Dev’s interest.  Now we are in an ideal situation where we could make BIG money (instead of selling the cie for $5 or $10/ pound) we would be able to sell U3O8 for its real value.  Meanwhile Dev will continue exploration till PLS looks as a swiss cheese!

Bullboard Posts