Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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 Brillo2on Feb 17, 2016 4:08am

201 Views

Post# 24564820

RE:TradeTech: Utilities looking to buy 20M lbs on U Term Market

Thanks again Quakes, your just "Chuck Full of Knowledge", and I for one greatly appreceiate your work and links. I've been a precious mineral follower since the early 80's, but wanted a Uranium play...

Last year at PDAC, I found and bought FCU($1.15), only held it for a week, but have bought back in at a greatly reduced prices and will continue to add to my position...

Thanks again for the education and links as Uranium is quiet different than Gold/Silver....

Brillo

quakes99 wrote: TradeTech reports the largest request for offers so far this year... near 20M lbs for delivery on the Mid and Long Term U markets. The Term price is what will set the value of PLS to a takeout buyer when the time comes, not the U Spot price.

Interest in the term market remains evident but not rushed. Two transactions were reported in the term markets last week but only to the tune of around 1mlbs. Meanwhile, two utilities are continuing to evaluate offers for delivery of almost 20mlbs in total across mid and longer term timeframes.

As to whether the settlement of these offers can prove market-moving is yet to be seen. Meanwhile, TradeTech’s term market price indicators remain unchanged at US$36.50/lb (mid) and US$44.00/lb (long).

The Long Term Market price is the most important one, and has remained unchanged for many months now according to the U price tables on Cameco's website:

Long-term Price (US$)

2012 2013 2014 2015 2016

Jan 61.00 56.50 50.00 49.50 44.00

Feb 60.00 56.50 50.00 49.50 -

Mar 60.00 56.50 46.00 49.50 -

Apr 60.50 57.00 45.00 49.00 -

May 61.25 57.00 45.00 47.50 -

Jun 61.25 57.00 44.50 46.00 -

Jul 61.25 54.50 44.00 44.50 -

Aug 60.25 54.00 44.00 44.00 -

Sep 60.50 50.50 45.00 44.00 -

Oct 59.50 50.00 45.00 44.00 -

Nov 59.50 50.00 49.50 44.00 -

Dec 56.50 50.00 49.50 44.00 -

Cameco calculates industry average prices from the month-end prices published by Ux Consulting and TradeTech.
Cameco calculates long-term industry average prices from the month-end prices published by Ux Consulting and TradeTech.

https://www.cameco.com/invest/markets/uranium-price

https://www.fnarena.com/index4.cfm?type=dsp_newsitem&n=D90BDFA1-96BC-F45A-8EB63B10B55B0F55

	2012	2013	2014	2015	2016
Jan	61.00	56.50	50.00	49.50	44.00
Feb	60.00	56.50	50.00	49.50	-
Mar	60.00	56.50	46.00	49.50	-
Apr	60.50	57.00	45.00	49.00	-
May	61.25	57.00	45.00	47.50	-
Jun	61.25	57.00	44.50	46.00	-
Jul	61.25	54.50	44.00	44.50	-
Aug	60.25	54.00	44.00	44.00	-
Sep	60.50	50.50	45.00	44.00	-
Oct	59.50	50.00	45.00	44.00	-
Nov	59.50	50.00	49.50	44.00	-
Dec	56.50	50.00	49.50	44.00	-