Fission Uranium Corp T.FCU

Alternate Symbol(s): FCUUF

Energy

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

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Comment by gizard16on Feb 09, 2019 11:11am

144 Views

Post# 29341857

RE:Why is FCU at $.52

Same old sh!t from Dreamer the lunatic

Dreaminthedream wrote:

There are a number of reasons why the market is putting a value of $.52 on FCU.

1. Spot price is stuck below $30.
2. Futures market is showing no life.
3. Shareholders have lost faith in FCU and uranium and are getting out.
4. There is the realization that there is NO shortage of uranium. There are quite a number of low cost producers out there that can meet any new demand.
5. The PFS was delayed, possibly because they thought the longer they waited, the greater the chance that the spot price would move up.
6. The PFS is likely to disappoint. When FCU did the last report, I think they used a Uranium price of $65/pound.
Well that was unrealistic at that time and is even more unrealistic now. Perhaps $40/pound is more like it. That will greatly affect the economics of the project.
7. An obvious concern is the dwindling cash in the FCU bank account. There is much trouble ahead to solve that problem.
8. Investors have very little confidence in FCU management to keep this company alive. Dev is perceived as a feather weight in a world of heavyweights. Dev inspires NO ONE.