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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 stanleyon Sep 16, 2015 8:05am
174 Views
Post# 24107732

RE:Nomination Catagory Change Announcement!

RE:Nomination Catagory Change Announcement!Lurk & Learns + Pappy88:

IMHO, sometimes a PEA (an economic analysis) can change a commodity that is ore under certain parameters to "waste" (un-economic). The Annual Information Form is an excellent summary of the PEA contents. 

BWDIK? On pp 17 of the AIF now on SEDAR;

While the Triple R deposit contains gold values that may be recoverable, a high-level economic analysis by RPA has shown this to have limited impact on overall project profitability at current market conditions and gold recovery was thus excluded from this design.

Should market forces change in the future, gold a recovery could be reasonably easily engineered into the existing design and constructed without impacting throughput of the uranium process plant.


Alternatively, the tails stream could be sold to Lundin Gold for $x/tonne and let RH's team worry about the economics and costs associated with any gold values. This way we get to see some of the synergies that are not immediately apparent to the paid and/or armchair analysts. 

Hope this helps

Cheers
Stanley
Bullboard Posts