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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
Comment by flemingson Aug 22, 2015 12:49pm
200 Views
Post# 24042845

RE:Vote Yes !!!

RE:Vote Yes !!!take a look at how many majors in the industry over payed for deposits that remain undeveloped, or only to be later sold on the cheap.. (i'm including HAT in that observation)..the facts are that Fission is an exploration company, and while theyve done an exceptional job in proving up this great find, in a down market with evidence of past mistakes made, it will not fetch fair value, dollar for dollar at this stage, .. one can argue it is worth 2 dollars, 3 dollars or 5 dollars a share, that makes absolutely no difference.. a major will not throw around billions of dollars for pounds in the ground compared to pounds processed, no matter how "de-risked" something may look to be.. Majors are more careful with investors cash in this sober market, maybe the wine will flow again, causing them to spend like drunken sailors but once more, but not in the immediate future.. either way, i believe that even with 200 mlbs proven, this is not a 3 dollar stock to any potential suitors- that's just too expensive when you consider the billions necessary to buy, extract and process.. in order for this to be a 3 dollar stock, fission will have to produce, in order for that to hapen, they'll need a half a billion dollars minimum.. so it's either accept the fact that majors will be buying risk at a fair discount, or exploration companies wanting to produce will need major dilution (or a willing and cashed up partner).. having said all that, personally, i dont want to be an owner in a producing company and i'd be extatic with a 1.50 offer, for this find still in the ground.. and  i'd be over the moon with 2.00, cuz i understood the time to buy was years ago, knowing that if PLS was a monster, it would never get fair value, but early investors would get more than fairly rewarded with early risk...
so it's either wait it out or sell early.. I'm voting "no",  with my remaining shares, hoping for a pop near a buck or at least above the ,80's and plan to be completely out before this story is told..
Bullboard Posts