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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Forsys Metals Corp. is a Canada-based company, which is engaged in the business of acquiring, exploring and developing mineral properties. The Company is principally focused on advancing the Norasa Uranium Project, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd comprising the Valencia Uranium deposit (ML149) and the nearby Namibplaas Uranium deposit (EPL3638) in the politically friendly jurisdiction of Namibia. The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.


TSX:FSY - Post by User

Bullboard Posts
Comment by ArtBechsteinon Jan 27, 2007 3:37am
519 Views
Post# 12105364

RE: Insider buy Roger Laine

RE: Insider buy Roger Lainejynxie, I hate to say that but I think you are right after reviewing the Sedi filings. Anyway the share-price action suggests a take-over bid just after the resource upgrade in February. I expect 50 mln lb @ 100ppm cut-off. This translates to 5.5m oz in Gold resource with an average grade of 250ppm (1.9 g/t) - this is comparable to OSK that have lower grades and to remove a whole town and who are valued at 685m C$ - this amount + cash and other assets adjustments would be my target valuation for a take-over bid - with 75 Mio. shares fully diluted I would expect 10-11$ bid in February. Just my opinion !!! Art
Bullboard Posts