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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 make_rubleson Jun 18, 2008 8:16am
327 Views
Post# 15197313

RE: Well not as good

RE: Well not as goodI'd say based on the latest drill program results it's best that we do not taken out at this time.  Resources will positively be increasing, potentially by 50%, as well as the grade, in turn dropping the cost per lb.  As these results come out and are certified and we get the PFS, I'm betting we'll be a lot higher so personally I'd rather wait while this plays out.  I see no less than a double on this from here and should Uranium get hot again.......who knows where we go.

I completely agree, a lot of risk has been taken out of this one and the most likely scenario is a takeout before production.  Just hoping it doesn't happen until Uranium heats up again and the sector becomes more favorable.

JMHO
Good Luck!
Bullboard Posts