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 May 22, 2018 10:52am

94 Views

Post# 28063212

RE:The market knows

Well said!

Dreaminthedream wrote:
RBC report says:"

The firm said while it believes uranium prices have bottomed, the recovery path is "less clear." It noted "recent market developments have been supportive including supply curtailments, Russia/US trade tensions, and suspension of US government inventory sales."

But the firm added, "we think a uranium price recovery will be gradual, occurring as long-dated contracts expire and new demand is layered into the market, while the large inventory position will take some time to be drawn down and secondary supply from excess enrichment capacity remains an overhang."

RBC also reduced its expectations on Cameco's uranium spot-market purchases this year, citing a reassessment of inventory availability and requirements. In turn, the firm said "we think Cameco's purchases this year could be supportive for spot prices, but we no longer expect the purchases to be a catalyst for significant near-term price increases."
I imagine some of the heavy duty pumpers on here are going to label RBC's report as bashing or spam since it does not support the fantasy world that they operate in.

RBC just confirms what some of us have been saying for a long time. The turn around is a long ways off and will not be explosive ......but rather gradual.

That means tough times for FCU. FCU will gradually run out of money at the same time.....as it waits for the gradual recovery. Then comes share consolidation. Then more financing.
Shareholders get the shaft (in this case, the open pit).

The market knows. Pumpers do not.