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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 HighROIon Jul 19, 2016 9:32am
75 Views
Post# 25064505

RE:RE:It's time to talk about merging FCU and NXE

RE:RE:It's time to talk about merging FCU and NXEGiz, Do you think NXE has enough / will have enough ore to process for 10 years? That is the question you should ask. Hypothetically: Let us say the capex for Arrow is $1B to $1.5B for a mill producing 25m pounds Term is $40USD = $51CDN Mining / milling costs $15 per pound. At 25m pounds per year that is 900m CDN in operating profit. Won't take long to pay back the capex. Why on earth would NXE give up potentially massive future EBITDA when it can likely pay back the capex in a couple of years? On top of that they could set the tolling rate for the entire district whenever they run short of ore which right now seems to be potentially decades away.
Bullboard Posts