Bullboard - Stock Discussion Forum 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... see more

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TSX:FCU - Post Discussion

Fission Uranium Corp > Technical Hissy Fit

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Post by Greenday on Nov 10, 2021 2:13pm

Technical Hissy Fit

Seems that technical traders didn't like the ascending wedge pattern.

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Comment by Greenday on Nov 10, 2021 3:25pm

A perfect day for having some dry powder.

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Comment by Uraniuman308 on Nov 10, 2021 6:23pm

It's always a perfect day for dry powder with FCU, LMAO! Unfortunately a perfect day often means even better days are ahead - and I don't mean that in a positive way. The .90 cent target mentioned here is probably going to be a reality. JMO

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Comment by 199930 on Nov 10, 2021 4:05pm

Also, https://www.newswire.ca/news-releases/clearwater-river-dene-nation-serves-notice-on-uranium-industry-regarding-impacts-of-uranium-mines-and-exploration-898283328.html

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Comment by Uraniuman308 on Nov 10, 2021 6:20pm

good find! This probably explains our lagging share price. Our several kilometre strike length and under a lake probably means the FCU deposit will be the last (if ever) to be developed. Hard to believe management tried to sell this as an open pit, LMAO! That was probably one of the mis steps Ross referred to,,,, ya think!!! JMO

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Comment by gizard16 on Nov 11, 2021 12:34pm

FCU's deposit is under a lake?? OMG, what a surprise to us all. Sounds like a positive to me. Maybe check out the Diavik Diamond Mine. It too is under water and became one of the bigger diamond producing mines in the world. They didn't have any trouble at all with a lake. Who knew?

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Comment by Greenday on Nov 10, 2021 8:38pm

@ 199930 - Thanks for that. A number of different ways to look at the NR. One way is that it is bad in that it stalls the development of the PLS corridor. But the second way is that it is good in that it pressures NXE and FCU into sharing infrastructure rather than duplicating infrastructure. Uraniuminsider offers his view on the NR. https://youtu.be/bCMwvWmrFPQ

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Comment by Uraniuman308 on Nov 10, 2021 10:36pm

Unfortunately, no discussion on share infrastructure can happen until FCU completes their SECOND FS. As Ross mentioned during an interview, a project needs to demonstrate stand alone economics in a FS. So, with our SECOND FS at least year away, expect no announcements on shared infrastructure any time soon. Mis step? Ya think! JMO

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