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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 MegaMAxTZon Jun 22, 2018 12:41am
65 Views
Post# 28210692

RE:RE:RE:2023

RE:RE:RE:2023May of 2023 is basically 5 years from now. To even suggest - Dreamin-  that a Spot prediction price out that far will be accurate is to say the least naive. Lot's of stuff can happen in the meantime - completely unpredictable. Take your pills.

Prediction in May of 2002 by all and each and every expert and analyst that in 5 years will be Uranium Spot price of $ 137/LB in 2007 - Not a chance.

Prediction in September of 1999 that in 3 years the 2 tallest buildings in NYC will be gone - not.

Things happen but in this case things are more predictable. Companies cannot sell stuff and not make any money. THIS is the black swan in my opinion. McCarthur River will be closed until summer of of 2020 - that is my opinion and if I was CEO that would be my strategy. Line the Utilities all up at between $ 87.50 and $ 92.65 per LB out to 2029 - then we can talk.

Maybe the above ground inventory is 5 Billion LBS or more of Uranium .... I don't think so and yes I hope not. Mining stats do not support this claim unless the Chinese are pumping out  3 Cigar Lakes as we speak - maybe on the moon.... not.

Keep your FCU and other Uranium company shares close - breath - and be patient. I have said before this is hard but worth it....

MM 

Bullboard Posts