Western Investor
Long/short equity, value, special situations, event-driven

Fission Uranium - Still Undervalued With 50%-125% Upside

(Editors' Note: Fission Uranium trades under the symbol FCU.V on the TSXV with average daily volume of ~$1.4 million CAD)

In early December 2013, Fission Uranium Corp. (OTCQX:FCUUF) completed its friendly takeover of Alpha Minerals Inc., making it the sole owner of the Patterson Lake South (PLS) uranium project in the Athabasca Basin region of Saskatchewan. With the PLS project now consolidated into one entity, Fission is more attractive than ever and represents a very favorable risk-reward situation at its current valuation. It appears that the market is pricing in only the resource discovered to date (and a conservative estimate of the resource at that), while assigning little to no value to the upside exploration potential. For an

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