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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Energy
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

Forsys Metals Corp
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Post by norim109on Jun 30, 2009 3:45pm
768 Views
Post# 16109387

Technical report

Technical reportThe technical report on Valencia is available on SEDAR since June 23.  The economic analysis section is a good reading. According to the assumptions used, it will take more than 10 years for GFI to recover its investments in Valencia (acquisition costs + construction and other capital costs).  This could explain today market reaction.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities