Fission Uranium Corp T.FCU

RE:PLS is dead and will never be mined.!.

[losecash]

Deltajj wrote:

Oh - I just hate to see the small guy being burned on this, while the pumpers just smile and go on to the next share.  Please do your DD now.!. You might be in for a surprice.!.

IMHO.
Whether the vote is a yes or no makes no difference. The problem is that there is plenty of uranium in existing stocks and mines to last until uranium is phased out by other fuel types. This means that the price of uranium will remain low in the future.

 

All pumpers on this board are trying to lure private investors and small time shareholders to buy this "sure thing" share or retain the ones they have, while the professional investors slowly but surely are selling off  their shares.

 

They know that there will never be a bit for PLS.!.
Even if a buyer got PLS for free, he would never get the cost of development in payback, as the uranium price will remain low in the future, and the lifespand of the mine will far outlive the demand for uran. 

 

1.

Consumption will not increase significantly because utilitys adopt more efficient reactors and burn the fuel harder. This has more than compensated for the decline in uranium production. This trent will continue just as it is seen that the individual reactors have increased their efficiency by almost 20% over the past years.

 

2.

There is worldwide 1.500.000t depleted uranium all containing 1% plutonium. There have been developed MOX fuel which can then burn this, instead of having to deposit this safely for thousands of years. These fuel types using thorium in combination with plutonium, and is done so that they could be produced by almost all fuel manufacturers, and can directly be used in existing reactors. These fuel types will hit the market around 2020, and completely change the demand for uranium, as it is an even more economical, safe and effcient fuel-type.

3.
China, India and US are investing billions in development of new molten Salt reactors based on Thorium. These could be ready for the marked in less than 10 years. Add to this all the other 5 gen. breader reactors aming to clean up in all the spendt fuel lying around the world. No one will use new uranium fuel if not needed, when there is so much "vaste products" that can be used, and at the same time clean up the mess left over the last 60 years. 

That is why uranium have no long time value.
Delta.

The further one tries to look into the future the muddier the waters get. I do agree that new technologies pose a threat to Uranium. That is why I do not support managements new direction of building a mine 15yrs from now. I invested here based on Devs drill and sell mantra of which he preached over and over. Now the question is raised as to why no offers have come in ? Has the potential sale been sabotaged by the LL empire? Or is the writing on the wall for uranium ? Or is it just market conditions? What is clear is a NO vote is needed to maintain PLS as a viable and attractive deposit to buyers. And one buy which the shareholders get the direct compensation from the sale of the asset. If Denison takes over PLS there will only be a fraction of compensation if it is ever sold for FCU shareholders. The monies will be rolled over into DML operations and the SP will not necessarily move up. In a nut shell you are giving away all of your upside potential by agreeing to this low ball DML offer. As for going the mining route way too many unknowns and risk. Not to mention most of us will be dead before it ever happens. It is clear my friends vote NO.