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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Post by befair1on Jun 19, 2010 8:53am
279 Views
Post# 17204231

Time to execute plan

Time to execute planCash has been raised, environmental and water plants reinstated, tailing facilities established and new management put in place.  Now is the time to deliver on the goal to raise gold production to about 400,000 ounces in 2-3 years and uranium to about 1 mill pounds while decreasing costs to less than $400 geo. Also, if the 25mill of inferred gold ounces can be moved to proven and probable reserves, enormous price appreciation would be certain.  I would like to see the company change its name to First Goldanium as the majority of its sales revenues will be from gold.  Gold is at record prices and likely going higher with another stimulus plan on the US agenda along with record money printing of fiat currencies around the world.  I would not be surprised to see a takeover offer from the Chinese once this company gets going.  Uranium prices are also bound to raise within the next 2-3 years as the number of nuclear reactors being build around the world and especially in China and India is large as well and the demand for uranium will rise.  All to say, the main issue now is effective execution by management as all the puzzle pieces are in place. Price should be above $2 by year end and possibly above $3 by mid 2011.  GLTA
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