Fission Uranium Corp T.FCU

RE:New: Dundee Uranium Sector Report for February 23rd...

[Smitty2000]

another informative and relevent post quakes. keep them coming. this is the type of information that most investors are looking for.

quakes99 wrote: Dundee Capital Markets today released their Uranium Sector Weekly report.  Here's the title and first page summary:

February 23, 2016

Uranium Sector Weekly - Stocks Rebound With Other Commodities


Sluggish spot market continues to weigh heavy. While uranium prices actually rose by US$0.50 to US$34.50/lb in January, the price has been coming off since mid-January to close at US$33.50/lb overnight. TradeTech reported the President's Day shortened week a dead week, with no new transactions or spot demand, noting the weakest trading week YTD. It suggests that not even lower offers could entice buyers to enter the market. We don't believe this is sustainable for too long. UxC suggests prices will remain under pressure in the near-term, given 1) a supply overhang which could force sellers to lower prices; 2) elevated available inventories, dampening demand; and 3) weak and exclusively discretionary spot market buying. While these aren't new situations, UxC does indicate that more negative market price perceptions have developed over the past few weeks. Its Broker Average Price has fallen for five straight trading days.

Time for a turn around? We hope to hear encouraging news at March-end, as Japan's Minister of Economy, Trade and Industry teams up with TEPCO's President to deliver back-to-back keynote addresses at the Asian Nuclear Power Briefing. We'd hope any positive sentiment would spill over to the World Nuclear Fuel Cycle conference in April where uranium buyers and sellers come together. That said, the last such conference did little to stem a price that had just begun to slide.

Stocks rebound despite falling uranium price. Producers were up 3% this week, including Cameco (CCO-T, BUY, C$25.30), up 7% after nearing its 52-week low earlier in the month. Developers and explorers also rose, increasing 10% and 3% respectively. However, with broader TSX indices up on rising commodity prices, the recent uplift may be more due to spillover rather than sector-specific sentiment; especially given the continued downward trend in uranium prices. While we can't call a turn in prices, should commodity markets improve (and C$ strengthen), we might see some slight upwards momentum in the stocks. Ultimately, higher prices are required to sustain any rally. But historically, U3O8 price trends have typically lagged uranium company share performance trends by two to three months.

 

 

And here is their comments on Fission:

Fission expands R600W, R780E and R1620E Zones with high-grade hits (Feb 16). All 11 holes hit mineralization. The R1620E intercept returned the best results, and the strongest mineralization drilled to date from this zone, ~300m east of the Triple R Resource. This included hole -460 that returned 55m of total composite mineralization of 82.5m incl. 8.04m >10,000 cps. R600W extended 20m down dip, and R780E extended the zone 20m up dip.

Dundee: Fringe areas expanded, highlighting large mineralizing system. We are confident that meaningful pounds are being added early in winter 2016 drill program. Shallow, high grade, and located on land are all factors which could further improve Triple R's already impressive economics. The R600W, R1620E, and R840W zones have yet to be incorporated into the Triple R resource.

You can view/download the Full 10-page report at the link below:

Uranium Sector Weekly - Dundee Capital Markets

Cheers!