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  5. FCU: Not my worst, but far from my best TFSA performer. [Fission Uranium Corp.]
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Q: Not my worst, but far from my best TFSA performer. Small weighting that I often think about cleaning up. I can't seem to get past the thought that their assets must be worth something to others given drilling results. I see a decided shift toward Chinese board participants. Is such a sale possible in regulatory environment? What are your thoughts on continuing to hold? Might the Chinese possibility turn my frown upside down here?

Asked by Joel on June 22, 2021
5i Research Answer:

We think it has a decent project, near surface and with an IRR of 25%. With China Nuclear at 15% ownership, we think a takeover is possible, but more than likely not for a while. We would instead expect any activity to come after start up and/or once Canada/China relations cool down a bit. The stock has done fairly well in the uranium rally, and we think the sector outlook remains decent. We would still be OK holding this.