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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 Scorpio2on Aug 09, 2017 7:42pm
154 Views
Post# 26563766

RE:Nice jump in U3O8 Spot Price today, up $0.31 to US$20.90/lb

RE:Nice jump in U3O8 Spot Price today, up $0.31 to US$20.90/lbI think this is the precursor to the first initial run-up in price that will be fed by foreign political (uranium) responses to American political economic actions, domestic utility inaction, a declining US dollar, supply/demand inbalances, Chinese need to secure long term supply  etc. etc. I believe what we are seeing right now is the pivot point in long term uranium prices. I have loaded up on Fission again and bought some  LEAPS on Cameco that go out 1 year at the exercise price of $12 USD. That way if Fission is acquired in early 2018 as I expect, I still have some skin in the game for the rise in uranium prices over all of 2018. And as I expect the USD to drop more , Cameco's US stock price will rise faster than the CAD stock price to compensate for the drop in the value of the USD relative to the CAD and other currencies. On top of this, if the USD does drop , then commodity prices will rise just on that alone. Double wammy. Just want to get past the exercise price of $12 USD and then I am in the money on the LEAPs.     
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