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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
Post by teeveeon Mar 05, 2016 11:31am
176 Views
Post# 24625806

The real problems with FCU

The real problems with FCUThe real problem with FCU is that the largest U miners world wide haven't made an offer for FCU or made an expression of interest in a jv at any price, because the development risks are too high: cost projections, time, permitting etc and zero or negative NPV if anything goes wrong. The other problem is that no competent, knowledgable  CEO would be willing to take Dev's job for the same reasons (aside, this is probably why the hostile move by FCU sharholder committee suddenly disappeared).......  IF and when CGN pushes for  programs with the necessary geotechnical work to move forward on a pre-feasibility study, once completed, they  will wake up and smell the coffee with the hard facts in front of them, something that the largest U miners already know from experience. 

On the lighter side,  it shouldn't be long before quackie, aka Worm Tongue,  argues that now that the northern extention of the PLS trend has been effectively taken control of by Cameco, FCU will be  next to be taken over, for control of the southern section of the PLS trend. 
Bullboard Posts