First Uranium Corporation T.FIU

There is hope!

[colt451]

I think we see $2 by next summer
https://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b5140904
"The company had to close Ezulwini's uranium plant in August due to a structural failure affecting two loading columns. The replacement columns are expected to be installed and commissioned during the current quarter."


"First Uranium attributed the increased loss primarily to foreign-exchange fluctuations, along with higher interest and other expenses from the issue of convertible debt in April."



"Its Mine Waste Solutions tailings reclamations had an operating profit of $8.2 million excluding foreign exchange and other items, up 34 per cent from $6.1 million. Revenue increased to $19.7 million, up from $11.8 million a year earlier."
"Meanwhile, the operating loss at Ezulwini Mine was reduced to $8.1 million from $12.8 million. The mine's revenue increased 159 per cent to $18.6 million from $7.2 million a year earlier in the second quarter of fiscal 2010."
"On a quarter-to-quarter basis, however, the loss was up due to higher stock-based compensation and the $1.4-million impairment of the two loading columns."
"MWS's production build-up remains on-track and all projects are on schedule for completion in May 2011, as expected, while gold production at the Ezulwini Mine, which was marginally higher quarter on quarter, is expected to benefit significantly from the successful commissioning of an upgraded backfill plant in September 2010," said Deon van der Mescht, First Uranium's chief executive.
Colt