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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

Comment by touaregon Sep 13, 2021 9:13am
187 Views
Post# 33847696

RE:RE:While I'm tickled pink at the SP increase in all my

RE:RE:While I'm tickled pink at the SP increase in all my I'm with you there Charlie.. the fundamentals for U are far too weighted in favour of a continuation in price increase for years to come.. anyone, even sprott, shorting would be like going against the flow.. and why would they do that anyway? surely makes far more sense to go with the flow and milk it as much as possible.. which I have no doubt is the sprott plan over next few years at least.

Charlie_Chan wrote: You are wise to be a tad nervous about Uranium, after all that old saying "If it seems too good to be true, it probably is" could be applicable to many well seasoned investors.

However, we are involved in a commodity that is fast tracking to add balance to the supply/demand status that has a deficiency in production to meet present demand, it also has been selling at a 50% discount to the cost of production. I.e.. $30 per pound vs, 60$.

Even when Uranium touches $60 a pound. there will not be any new generation of the commodity as there has been almost zero new production in the past 10 years and most of the advance deposits have been placed on care and maintenance.

It would be insane for anyone to take any form of a short until Uranium hits well past $100 lb. IMO.

We should have a very pleasant and profitable run until the shorts come out of the woodwork.



KozmoT wrote: U stocks I'm a tad nervous about one sinle entity having so much control over the price of uranium.  Old enough to remember the Sub Prime Mortgage Crisis.  I know this is different in most ways, but not all.

Say somebody at Sprott decided they could also make money on the way DOWN and decided to sell all this uranium while shorting the entire industry.




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