Topic: How To Invest

Hi Pat: Over the last few years, I have been able to take advantage of your recommendations. I would like to get into uranium a bit more. What is your outlook on Fission Uranium Corp.? Thank you.

Article Excerpt

Fission Uranium Corp., $1.55, symbol FCU on Toronto (Shares outstanding: 330.9 million; Market cap: $513.5 million; www.fissionuranium.com), continues to move up on strong drilling results at its Patterson Lake South project in Saskatchewan. These results include Hole 187, which returned 53.5 metres of off-scale radioactivity (or greater than 9,999 counts per second) within 146 metres of mineralization that closes the gap between two previously outlined high-grade zones. “Off scale” refers to the fact that the drill core’s radioactivity is so high that even highly sensitive equipment can’t measure it properly. That’s an indication of high uranium grades. Fission is over halfway through its $12-million, 100-hole, 30,000-metre drill program at Patterson Lake. Four rigs are at work along the known mineralized trend, while a fifth is probing other exploration targets. The Athabasca Basin is home to the world’s largest high-grade uranium mine, McArthur River, owned by Cameco Corp. and France’s Areva SA. As well, those companies have just started production at the Cigar Lake…