Eight Capital - $0.70 Buy Target Puneet Singh at Eight capital has a BUY rating on F3 Uranium with a target price of $0.70
F3 Uranium Corp. (FUU-V, Buy, Target $0.70) Drilling Outside of Main JR Zone Key to Stock Breaking Out Again: Early geochemistry results from the ummer program in hole PLN24-152 have been received. This hole focused on testing the A1 main shear much further south (of the JR zone) at the fault splay (termed “North Horse”) that is grid south of the cross-cutting Harrison fault which has shown a vertical offset of ~130m. The results returned 0.045% U3O8, and the North Horse fault assayed over 7m at 0.014% U3O8, including 0.5m at 0.051% U3O8. These are the
strongest geochemistry signatures outside of JR zone to date and will be followed up with drilling. FUU’s goal is to zero in on possible pod(s) of high-grade mineralization here. The stock’s pulled back to 52w lows and we’d recommend taking advantage of this opportunity ahead of drilling this summer which could yield a possible discovery.
See more background on F3 in our initiation from last month here: Defining Multiple Zones May be a Takeout Trigger