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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 Nov 24, 2016 10:24pm
157 Views
Post# 25511874

Cameco's problem....

Cameco's problem....from Cameco's quarterly: 

And our contract portfolio which will see us deliver an average of 27 million pounds per year through the end of 2020, will continue to provide price protection in a weak market and allow us to benefit when prices rise.

Cameco has been delivering about 30-31 milion pounds/year. To average 27 million pounds per year to the end of 2020, and considering the average is front loaded, in 2020, Cameco's sales will be 23-24 million pounds/year. THAT is a serious loss of market share. 

A few weeks ago, I posted a link to an article that made the case that uranium shortages would be made up from a combination of upgraders, and US and Russian gov't inventories that are being sold into spot markets. The estimate was about 1 billion pounds, suggesting that it will take up to 2028 before the uranium market is rebalanced. 
Bullboard Posts