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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@lukejacksonI think the intersting thing about Uranium assets... is there's so few. So unlike gold projects, when People feel like Uranium has bottomed and they want to speculate on that, there's almost nowhere to go. We may have seen nothing yet... $GXU$NXE$FCU$DML
@MilksPrimeI think the intersting thing about Uranium assets... is there's so few. So unlike gold projects, when People feel like Uranium has bottomed and they want to speculate on that, there's almost nowhere to go. We may have seen nothing yet... $GXU$NXE$FCU$DML
@MilksPrime@lukejackson I think the intersting thing about Uranium assets... is there's so few. So unlike gold projects, when People feel like Uranium has bottomed and they want to speculate on that, there's almost nowhere to go. We may have seen nothing yet... $GXU$NXE$FCU$DML
@GEMOILThe fission controlled CSC is starting to wake-up Canex Energy Corp.
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@cole119Question about $FCU, some here might know. CGN's Offtake agreement is for 20% plus an additional 15% at industry standard term. Was there anything set in terms of pricing for the first 20%? Example "the 20% offtake agreement is at a x% discount to spot". I thought I recalled seeing that it was at a certain percentage discount, 9% seems to stick in my mind. @teevee@pamplonatrader? Thank you in advance
@teevee@cole119, see $FCU news release here: http://fissionuranium.com/news/index.php?&content_id=297 "Pursuant to the Off-take Agreement, CGN Mining will purchase 20% of annual uranium production from the PLS Property and will have an option to purchase an additional 15%, at industry standard terms." .....In a clarification to the exchange on disclosure, FCU contends PLS could be a stand alone enterprise with its own mill......good luck with that, as I expect PLS will sit for many decades before developed, if ever.
@teevee@PamplonaTrader, thx for digging up those details again. It is something that FCU should have disclosed in their news releases on the CGN deal. Without question, $FCU and CGN are tied at the hip now. FCU's lack of development expertise aside, I can't see anyone other than CGN stepping up to either be involved in development, or finance PLS. The other issue, is whether or not the gov't would approve a second stand alone mill in the SW sector of the basin. Somehow I doubt it. Who ever owns 100% of the mill on the SW sector of the basin, will control timing and development of all deposits in that region. My money is on NXE:-)
@ocotilloreduxKevin- I would not call PLS a fatally flawed asset, I would call it an asset that $FCU is reluctant to take to PFS or FS since the world would then know more accurate costs for building dykes/isolation walls/mill/tailings disposal and water treatment plant which would seriously ruin the project economics as a standalone asset. The PEA used nonsense capital numbers almost as bad as the numbers Denison used.
@PamplonaTrader"@ocotilloredux Kevin- I would not call PLS a fatally flawed asset, I would call it an asset that $FCU is reluctant to take to PFS or FS since the world would then know more accurate costs for building dykes/isolation walls/mill/tailings disposal and water treatment plant which would seriously ruin the project economics as a standalone asset. The PEA used nonsense capital numbers almost as bad as the numbers Denison used." $DML$DNN#uranium
@ocotilloreduxAs for the argument that NXE will have to use an $FCU pit for tailings disposal, I don't buy it. Firstly, what is FCU going to use prior to first pit completion? Secondly, I highly doubt a pit protruding into an existing water body will be approved for tailings disposal by Sask Environment and the CNSC. So this leaves only the small onshore deposit as a potential pit but is there enough pounds to even justify its mining and what below top of bedrock capacity would it have for future tailings anyways? It also needs a water cut off strategy since the top 50m or so of overburden will be saturated with groundwater. So yes, I support subsurface tailings disposal but I don't see a role for FCU here to help out NXE hence locking in the mining sequence for the camp. The Jeb disposal pit and mill was ~10 km away from the majority of the ore in the Sue pits at Areva's McClean Lake so the mill at Arrow could easily be 5-10 km from the deposit in order to site the tailings pit correctly. Moving 100,000 T of ore a year from mine to mill costs peanuts. Download the Technical Proposal here.... http://publications.gov.sk.ca/deplist.cfm?d=66&c=4416
@schischiWhich near term producer/explorer has the best chances to be the next uranium heroes ? $GXU , $PLU ? $FCU needs 7-10 Years for Production $NXE also .. So they are more buyout targets - right ?
@Wannabeinvestor@schischi, if you work through this board you will realise that $FCU will not go to production in 7 to 10 years. I dare say same goes for $PLU. $GXU is a totally different story, isn't one of their projects already permitted?
@lukejacksonBring on the Uranium fomo for institutional investors. Fund lags in performance - fund manager checks the holdings of other outperforming funds - sees a basket of uranium- trys to fit large amounts of capital into small vehicles (there aren't many options) with no clue about how they will exit unless they get bought out. $nxe$gxu$fcu
@VaughanBNN Market Call - Brent and JOe - Question on Fission $FCU. They arent bullish on #uranium at this point. Brent says that with the low uranium price coupled with the renegotiation of long term contracts, which needs to happen now, exploration assets will not be bought out by producers at this point.
Kevin@teevee I think $FCU has drilled out more than 108mlbs, at least to the point of implied tonnages. I dont follow it closely, but likely the values reflect maybe 150 or so and then multipled by 4$/lb or close. $Nxe on the other hand should be trading on a DCF valuation by this point, the numbers for that can be derived from similar mines.
@marketwired510m Step Out Discovers New High-Grade Zone at Fission's PLS; Athabasca Basin's Largest Mineralized Trend now 3.14km @marketwired/510m-step-out-discovers-new-high-grade-zone-at-fissions$FCU$FCUUF $2FU
Drilling Highlights Include:
New zone - R1515W - discovered by regional exploration drilling approximately 510m west of the high-grade, near-surface R840W zone
Western Extension includes 180m of strike length of anomalous radioactivity (1485W to 1515W)
@PamplonaTraderI was just chatting with @HighROI@EricTheActor@SellHigh and the boys had an interesting idea. @HighROI floated the possibility that $NXE could be in negotiations to combine Rook I claim block S-113933 with $PTU's Hook Lake in efforts to consolidate the Harpoon and Spitfire discoveries.
NexGen is not getting much torque from these smaller regional discoveries. It's clear that Harpoon-Spitfire is one emerging deposit. Combining Bow, Cannon, Harpoon and Spitfire (and many km of fertile strike) would give the NewCo critical mass to unlock meaningful value for its stakeholders.
This makes lots of sense on so many levels. We've heard that $NXE has good relations with the Frostad Bros at $PTU (while $NXE's relations with $FCU remains, well, just frosty). The major suitors for Arrow - Rio, Cameco, AREVA - are all stakeholders: Rio has a 10% carried interest in S-113933 and Cameco/AREVA have project equity in Hook Lake. Their approval of any such corporate action means they will not require Bow, Cannon, Harpoon as part of any deal for Arrow down the line... giving Leigh the green light to spin out assets now rather than waiting for takeout negotiations for Arrow.
@cole119The Chinese were smart enough to get a foothold in $FCU at a decent entry price with a considerable offtake. Though they likely picked the wrong project as Arrow will be mined first, I bet CGN or CNNC are begging $NXE for a deal like that. My bet is the eventual deal for Arrow is a joint agreement, an obvious partner with RIO is Li Ka Shing somehow.
@drezinhohttps://ceo.ca/@marketwired/fission-expands-new-high-grade-r1515w-zone-with-strongest Positive news today for $nxe 's red-headed step sister. High-grade & on land. $FCU FISSION announced two high-grade holes have grown the recently discovered R1515W shallow depth, high-grade land-based zone at its PLS property. Hole PLS17-557 encountered 47.0m total composite mineralization, including 5.29m of total composite >10,000 cps: strongest hole to date at 1515W. Holes PLS17-557 and PLS17-560 have expanded the strike length of R1515W to 30m. Strike length of the mineralized trend at PLS has now grown to 3.17km. #uranium
@rackerEight Capital’s Dave Talbot on Fission Uranium $FCU timelines (BUY rating and $2.25 target price): “It will possibly be early 2018 before another resource update followed by PFS is released. In the meantime, management is advancing metallurgy, carrying out economic studies, permitting, and social license. Property wide, uranium now can be traced within five zones over a 3.17km long trend.” #uranium