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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
Comment by teeveeon Mar 26, 2016 12:42am
173 Views
Post# 24701583

RE:RE:RE:Pounds Don't Matter

RE:RE:RE:Pounds Don't MatterGreenday,
The more pounds found, the larger the potential annual production rate. The problem with the RRR PEA is the front loading of production. Long term contrating can ony be done with a long term steady production rate. Under the RRR scheme, the additional front end production would likely have to be sold at spot. 

Regarding RRR, it has not been derisked. Identified risks are to be assessed, quantified and qualified through geotechnical studies and work program before a pre-feasibility study can be done to better estimate costs, time and scheduling.  

Furthermore, your statement "a change in a projects's risk profile is the rational behind pounds don't matter" is a muddled contradition. If you believe FCU is derisked and is at the stage where there are diminishing returns on additional pounds, then please explain why  FCU continues to explore?  

Greenday wrote: @ sudzie191 - A change in a project's risk profile is the rational behind pounds don't matter.  Once a project reaches an economy of scale where there is "enough stuff there" to mine, the project's primary risk is whether it can be mined profitably.  So in other words, there's a diminishing return on additional pounds once the project reaches an economy of scale.  Pamps posted an illustration of the concept at one time and Quakes has posted it a couple of times as well.

The good thing for long term FCU shareholders is that as RRR is derisked and deemed viable, the share price can advance and trade on the project's ROI which is at a higher multiple.  NXE's share price should hit the wall too, and for the guy's trading it, the trick is to know where that happens.


Bullboard Posts