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Fission Uranium Corp
Symbol FCU
Shares Issued 363,067,460
Close 2014-12-19 C$ 0.84
Market Cap C$ 304,976,666
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Lundin refreshes Fission Uranium buy

2014-12-19 21:57 ET - In the News

Brien Lundin, in the December, 2014/January, 2015, edition of the Gold Newsletter, refreshes his buy of Fission Uranium Corp., recently 87 cents. Mr. Lundin said buy Fission four times between February, 2013, and November, 2014, at prices ranging from 74 cents to $1.71. Assuming a $1,000 investment for each of the four buys, the $4,000 position is now worth $3,482. The newsletter editor reminds his readers that the company's Patterson Lake South uranium project in Saskatchewan is one of the premier uranium exploration projects in the world. He says that for more than two years Fission has consistently drilled long intersections of high-grade uranium oxide on the property. It recently released impressive assays from the final 18 holes of a drilling program on its R780E zone. The company will use those results for a resource estimate, due in early 2015. Mr. Lundin says that analysts estimate the initial resource size will range from 40 million pounds to 80 million pounds of U3O8. The writer says even the low end of that estimate would be large enough to warrant a takeover offer. He concludes that Fission remains one of the top exploration stories in the world and that a higher valuation for the company seems both likely and imminent.

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