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.

TSX:FCU - Post by User

Fission Uranium Corp

Bullboard Posts

Comment by 199930on Jan 09, 2018 3:07pm

226 Views

Post# 27316076

RE:RE:KazAtomProm curtailment not what it initially appeared to be

Also, the market seems to agree with TD and Credit Suisse.

CanadianBuck wrote:
CanadianBuck wrote: TD Research Today

Event

Comments from KazAtomProm's CEO, Galymzhan Pirmatov, suggest that the company's production curtailment announcement from December 4th was related to a reduction of planned production rather than an outright reduction from current production levels. On December 4th, KazAtomProm announced that it would lower uranium production levels by ~20% per annum over a three year period starting in 2018.

Impact: POTENTIALLY NEGATIVE

KazAtomProm forecasts 2018 uranium production at 23,000 tonnes, unchanged from 2017 - According to press reports from Kazakhstan, KazAtomProm's CEO indicated yesterday during the company's year-end update that he expects that Kazakhstan will produce 23,000 tonnes of uranium in 2018, which is effectively unchanged from 2017. He also noted that 2018 production would be lower than the previously planned level of 27,000 tonnes, or a curtailment of ~4,000 tonnes U (~7.8 million pounds), which is about 15% lower than the previously planned level.

Not what the market was expecting - We believe that uranium market participants were expecting that KazAtomProm would lower production levels in 2018 on an absolute basis relative to 2017 - as a result this will likely be seen as a negative development. We also note that 2017 production at ~23,000 tonnes is higher than the 22,000 tonnes we had been expecting based on previous comments from KazAtomProm.

Quakes - TD said the same thing as Credit Suisse awhile back and you poo pooed that to, I guess anything that doesn't support your bullish rose colored glasses must be wrong eh?