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

Bullboard Posts

Comment by Himey2012on Jul 09, 2020 12:23pm

96 Views

Post# 31245872

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:H C Wainright Increases Buy Target to $0.40 U.S.

Someone will most certainly buy FCU well before Nexgen. Who would even look at them with a $200 million debt and a deposit that is 500m below the surface. They have zero chance of being bought. That's why they are pretending to go it alone. They have no choice.

OVERWATCH wrote: It's exactly what it is - a liability.

Who is going to lend FCU the money to build this uranium mine that has all this uncertainty as part of the equation?

The more I think about it the more I think the FCU Board should be held to account for what they have done to destroy the future prospects of FCU as a going concern.

lobo8888 wrote: what is laughable is your attempt to turn a positive aspect of the company (the offtake agreement) into some sort of liability.

under the agreement, CGN agrees to buy a portion of FCU's production. and again, in this hypothetical 'doomsday' scenario, FCU is a producing mine as opposed to an exploration company. any guess as to what the share price would be by then?