Fission Uranium (FCU; FCUUF)

This interview was published on October 16, 2021.

Ross McElroy, CEO of Fission Uranium (TSX: FCU) (OTC: FCUUF), told me that he thinks Fission is among the cheapest uranium stocks, because of the size, the grade and the location of their deposit. On top of that, Fission’s deposit is shallow and very low-cost (production cost).

I grilled Ross, Fission’s CEO on the what, when, how, why, how much and many other questions about Fission’s past, present and future. Towards the end of our conversation, we even covered some important things in the uranium market, among which Ross’ top 3 uranium picks.

TIMESTAMPS:
00:00 Important note
04:30 Who is Ross McElroy?
09:40 CEO ownership & compensation
13:00 CEO’s working points
16:00 Is Fission Uranium undervalued?
20:00 CFO selling shares, why?
22:00 Why is Fission at the price levels of 2014?
25:20 Will Fission produce or sell the project?
28:00 When will Fission’s stock move?
33:30 NPV the wrong way to value uranium stocks?
36:25 Will Fission sell uranium at $40?
39:30 What happens when the project is depleted?
41:30 PLS is under a lake, is that a problem?
45:35 Is PLS a tier 1 or tier 2 deposit?
47:40 The risks for Fission Uranium
52:20 Will Fission dilute a lot?
55:40 How long can Fission live on cash?
57:30 The uranium is “inferred”, will you lose pounds going to “indicated”?
59:30 Why the Athabasca Basin is so important
01:01:15 Uranium price expectation
01:03:10 What are retail investors missing?
01:05:50 Is this like 2007 or like 1970?
01:08:00 Ross’s top 3 uranium stocks
01:12:00 Closing thoughts

Although I greatly appreciate your presence here, you shouldn’t appreciate mine and you shouldn’t put any importance on what I have to say, what I do nor what I think. I’m an inexperienced 26-year-old who has a high risk appetite and will likely lose a lot of money before he learns how not to. So, please seek professional investment advice and don’t take actions on anything said in this video. Before continuing, you must read and understand the full disclaimer which is displayed at the beginning of this video. I, and/or the guest, might own or have interest in some and/or all of the companies mentioned herein. Please consider both of us biased and don’t put too much importance on our opinions.