Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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

Fission Uranium Corp

Bullboard Posts

Comment by sudzie191on Dec 02, 2015 1:08pm

94 Views

Post# 24347064

RE:RE:RE:RE:The NXE team of

teevee you just continue to post nonsense

There is a mine plan sequence and overall project management that could add between $4-6 billion in cumulative cash flow, and if each of FCU and NXE get to 150 million lbs each, total of 300 million, a target cumulative cash flow projection may be $10-12 billion.

So I am hopeful both companies achieve the 150 million lbs, then merge so its a win win for everyone.

Its too early to reveal details, as NXE has to get a reliable 43-101 that one can depend on. So details to come, depending on NXE's 43-101, likely not before mid summer.

teevee wrote: Sudzie,
How does a merger lower the develoment cost of open pit mining PLS or developing Arrow? Answer is that it doesn't. There is no perceivable benefit to NXE to merge with FCU, especially when NXE has a stand alone deposit,other than IF PLS development was separately financed at the same time as Arrow, allowing for potential synergies on building a larger mill, otherwise, what possible synergies could there be? The best strategy for NXE would be to develop Arrow which would likely leave PLS as a stranded resource for a decade or longer.

sudzie191 wrote: I don't have to admit anything, every analysts since last January, and including the RPA report says FCU is not economic at current prices.

They will also say that about NXE, actually Haywood has already indicated so.

Therefore to improve the economics of both, a merger is the best thing to do. If you want to sell your shares when the merger occurs to make the combined deposits economical at a much lower uranium price than $65/lb, by all means do so.

Lots of folks will buy them.

HighROI wrote: Sudzie, So are you admitting FCU is not economically feasible without NXE? Unfortunately the opposite is not true as you will discover in due time. I will be the first to sell my NXE shares if a merger is ever entertained by NXE management.