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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 Solveron May 01, 2017 11:18am
185 Views
Post# 26186990

RE:RE:Time for a change?

RE:RE:Time for a change?Greenday: Don't forget that this "perfect' ore body was found by Ben and Son. Ben has always been a person of high integrity as far as I've known him. Remember he sponsored some of the drilling on FCU with his own funds! After the initial discovery, any competent and trained junior geologist could have expanded the resource.....it is that good! Ross and Dev are riding on the coat tails of Ben and son's success. If Ben tried to overthrow FCU management, it would have been for a good reason. Ross drove over the ore body for years without a clue as to what lie beneath. Ben probably foresaw the disintegration of his "jewel discovery of a lifetime" under present management, going in the wrong direction with the merger, and wanted to see the shareholders that trusted him... get their full compensation. He was that kind of person. It is sad to see the house that you built.... bulldozed into oblivion by blunders previously discussed on this board. I am confident that Ben would have had a competent successor in place...possibly his son.....in case. Instead we now have......the years of stagnation and indecisive investors keeping the share value hugely undervalued. Exploration and management are two different things. You can be a good exploration person while knowing didley about managing. Good managers know both and share value increases not decreases. As for the Chinese; they are sharp business people. They invested in an ore body that has a near 100% chance of being mined in a reasonable time and financially profitable. That would have happened regardless of FCU management, because they want the U3O8. They have done their own DD and found FCU to be a future winner. Don't forget we simply do not know if present mgmt. got the best deal for us or not with the Chinese?! If you were there perhaps share with the rest of us your insight on the deal! As for mgmt. replacement... I would have to put out feelers to see who is available as I have been out of the loop since retirement , but whoever is picked probably couldn't do worse for our share price. (imo) Don't underestimate octogenarians, they have a lifetime of experience and smarts, and hopefully by the time you get to be one, you will see for yourself the reason FCU is taking on water and sinking. Your post gives a negative connotation to octogenarians, as if they were all daffy and useless. I, in turn, have the highest respect for our grey haired members! They didn't get that old by being stupid. Condolences to the Ainsworth family for the loss of a valued family member and business associate! S
Bullboard Posts