OTCQB:UEXCF - Post by User
Post by
NewCoreFishon Jun 25, 2020 1:23pm
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Post# 31191231
FCU vs. Uex
FCU vs. UexI always found it puzzling that FCU with 134 million lbs of U308 a ton of debt is worth so much more than UEX??? I did notice today that Mangoes posted that Fission CEO holds 5 million shares and continues to buy and hold more. Roger and our Board want cheap shares for years given to them for years to come... I guess, I've answered my own question FCU has stronger more strategic leadership with a Vision. I do believe in UEX and hold a very large position and will continue, I'm just frustrated the only time we hear from Uex through a interview, tweet or Facebook is when the share price dips below 13cents... Roger back away from the Buffett table and do your job. Fission Uranium (TSX: FCU; US-OTC: FCUUF) has seen its market cap decline significantly since its appearance on last years list, dropping by over 60%. The uranium explorer-developer based out of Kelowna, B.C., wholly-owns the Patterson Lake South (PLS) property located just outside the southwest margin of Saskatchewans Athabasca Basin. PLS comprises 17 mineral claims totalling over 310 sq. km and includes the near-surface Triple R uranium deposit. Triple Rs indicated mineral resource stands at 2.22 million tonnes grading 2.10% U3O8 for 102.36 million lb. U3O8 . Inferred resources add 1.22 million tonnes grading 1.22% U3O8 for 32.81 million lb. U3O8 . The company says about 80% of the property has yet to be explored. Fission has the strategic backing of Hong Kong-based CGN Mining, which invested over $82 million in the company, at a substantial premium, in 2016, and holds a 19.99% equity interest in the Canadian company. CGN also obtained 20% of sales rights of the off-take quantity of products for natural uranium, and 15% of additional exclusive sales options.