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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 Miner60on Oct 25, 2017 4:12pm
127 Views
Post# 26858311

RE:As of June 30, 2017... $38.5M cash + $10.2M in a GIC

RE:As of June 30, 2017... $38.5M cash + $10.2M in a GICIt doesn't surprise me a bit. Teevee has 300 ignores, so we all know he is one of the biggest bashers around. As far as the others, just some feeble-minded trolls. The board knows dreamer, uranium and dazzle are all the same.
Like many have said, PLS is one of the best uranium plays in the world.

quakes99 wrote: Pretty sad how the trolls continue to post lies just to get their Buy orders filled at lower prices.

According to the most recent Financials dated June 30, 2017, Fission has $38.5M Cash plus an additional $10.2M in an interest bearing GIC for a total of about $48.7M in cash and equivalents.

So... from $82M down to just under $50M in 2 years means that there is at least 2 more years of cash to support production of a PFS and continued drilling. 

Very healthy balance sheet compared to the vast majority of uranium explorers out there that are running on fumes these days.

Financials are posted on the Fission website:

https://fissionuranium.com/investors/financials/

Cheers!



Bullboard Posts