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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 Aug 20, 2015 12:25am
175 Views
Post# 24034477

Re Re Re Re Undecided

Re Re Re Re UndecidedAll any investor worried about the future uranium market just has to get a list of reactors under construction. These together with the Japanese restarts assures a strong future U308 price. When coinstruction is in progress there is no way it will stop regardless of economic conditions. Large amounts of capital will be already spent and completion of the reactor guarantees low cost power that cannot be matched. The large number in the planning stage could be cancelled but even this is unlikely. Oil is going through the usual price movement it has always done,a move to nuclear is cleaner and much cheaper to operate. Just what the world needs. 
Price of fuel for nuclear power plants is a very small part of operating costs. The reactor just restarted in Japan will save the country over 600 million a year using U308 instead of Nat gas.
Athabaska basin can supply nuclear fuel at good profits while other sourses around the world close down. 
Merger or no merger the only issue here is how long till payday for shareholders. If not sold the full payment may take several years as the uranium market rebounds with an increase in DML share price. In my view the only hope for an early payday is a sale before the merger closes and anyone interested in buying PLS knows that.
If you are a long term investor maintain a position you are comfortable with, and the end result is not in doubt !!!

Bullboard Posts