Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Metals & Mining Industrial Metals & Minerals

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.

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Fission Uranium Corp

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Comment by teeveeon Jun 13, 2017 1:39am

139 Views

Post# 26355206

RE:RE:RE:RE:NXE vs. FCU's share prices

NXE's RE is also out of date. The PEA will ony be based on year end 2016 data, which formed the March RE update, however, I do expect NXE to add another 100 million pounds added in 2017.

juro777 wrote:
Except FCU's RE is out of date. We'll never be able to do an apples to apples comparison.

teevee wrote: Greenday,
NXE's PEA will soon be out. THEN we can do a proper comparison on an "apples to apples" basis.

Greenday wrote: @ Gigs

The current price of uranium per pound for FCU and NXE after adjusting for the cash balances set out in the March 31 2017 financial statemetns is as follows.

FCU = $295M - $55M = $240M / 108M lbs = $2.22CAD or $1.65USD

NXE = $904M + $14M = $918M / 302M lbs = $3.03CAD or $2.26USD

As can be seen FCU's uranium is cheaper than NXE's uranium even when FCU's non updated pounds are used in the calculation. If one speculates that FCU has 160M lbs instead of 108M 43-101 compliant pounds then FCU's uranium gets even cheaper to $1.50CAD or $1.12USD per pound. It's dirt cheap even with spot at $19 and change imo.