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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 > On it's Way to $1.50
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Comment by Greendayon Apr 14, 2022 1:05am
236 Views
Post# 34602726

RE:RE:RE:RE:RE:RE:RE:RE:On it's Way to $1.50

RE:RE:RE:RE:RE:RE:RE:RE:On it's Way to $1.50@ settoretire - I don't believe that NXE is overpriced.  Spot price is $63.50 and the price of NXE's in-situ is about $8.00 - a difference of some $55/lb.  So 337M lbs in the ground X $55/lb = $18.5B potential revenue 

Expenses of $2B for a mill and say $20/lb to produce.  $2B + (337M X $20) = $8.74B

Without discounting anything for risk or the time value of money it leaves roughly $10B in net income over the life of the mine for shareholders.

By comparison FCU has 135M lbs and its in-situ is currently at about $4 /lb or half of what NXE's in-situ trades for.  Reason for the differece is that NXE has completed its FS and its pounds are derisked in comparison to FCU's pounds.

I can't see FCU reaching NXE's 337M lb total but if FCU can successfully derisk its inferred pounds to indicated pounds in its upcoming FS, then FCU's current $4/lb in-situ should increase into NXE's $8/lb in-situ trading range and the value of FCU shares will also increase.  
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